Jinwu Financial News | Domestic housing stocks performed well. As of press release, Shimao Group (00813) rose 20%, Agile Group (03383) rose 6.78%, Ocean Group (03377) rose 5.97%, Zhongliang Holdings (02772) rose more than 5%, and Midea Real Estate (03990) rose 4.55%.
According to the news, the CITIC Securities Research Report said that on May 9, Hangzhou issued the “Notice on Optimizing and Adjusting the Real Estate Market Regulation Policy”, which proposed measures such as completely abolishing housing purchase restrictions, expanding the scope of certification of first housing units, and optimizing the credit settlement policy. On May 9, Xi'an issued the “Notice on Further Promoting the Stable and Healthy Development of the Real Estate Market” to completely abolish housing purchase restrictions. On May 6, Shenzhen issued the “Notice on Further Optimizing Real Estate Policies” to optimize housing purchase restriction policies by zoning. The market is paying close attention to the fundamental trend after the policy was introduced, and the bank believes that housing prices in core areas of core cities are expected to stabilize by mid-2024.
The China Index Research Institute said that after the liberalization of purchase restriction policies in Hangzhou and Xi'an, only individual cities such as Beijing, Shanghai, Shenzhen, Guangzhou, and Tianjin are still implementing purchase restriction policies. Among them, Beijing, Shanghai, and Shenzhen still implement city-wide purchase restrictions, while only core urban areas of Guangzhou and Tianjin restrict purchases of less than 120 square meters; the rest of the cities have basically completely lifted purchase restrictions. In the short term, first-tier cities are expected to speed up the pace of measures in response to regional and demand, including liberalizing large-scale purchase restrictions, giving specific groups more places to buy homes, and reducing social security periods, or other important directions. Meanwhile, it is necessary for Tianjin to completely lift purchase restrictions in order to better unleash residents' potential to buy homes.