Domestic housing stocks and property management stocks continued to decline. As of press release, Country Garden Services (06098) fell 3.73% to HK$6.71; Evergrande Property (06666) fell 3.19% to HK$0.455; and Yuexiu Real Estate (00123) fell 3.07% to HK$6.63.
The Zhitong Finance App learned that domestic housing stocks and property management stocks continued to decline. As of press release, Country Garden Services (06098) fell 3.73% to HK$6.71; Evergrande Properties (06666) fell 3.19% to HK$0.455; Yuexiu Real Estate (00123) fell 3.07% to HK$6.63; and Sunac Services (01918) fell 3% to HK$2.26.
According to the news, data from Kerry Research Center shows that in November, the top 100 housing enterprises achieved a 4.1% month-on-month reduction in sales transaction amounts, and the monthly performance of nearly 60% of the top 100 housing enterprises declined month-on-month. Among them, the monthly performance of 25 housing enterprises declined by more than 30% month-on-month. Also, according to statistics from the China Index Research Institute, in January-November, there were 16 housing enterprises with sales exceeding 100 billion dollars, a decrease of 3 from the same period last year; there were 108 housing enterprises of 10 billion dollars, a decrease of 10 from the same period last year.
Guojin Securities pointed out that in November, sales of the top 100 housing enterprises all declined month-on-month, and the cumulative year-on-year decline continued to expand, but high-quality housing enterprises were more resilient, actively marketed and promoted during the year-end performance sprint period, and sales performance was even better. The rating agency Fitch predicts that the domestic housing business environment will still be full of challenges next year. However, the decline in contract sales will slow to 0% to 5%, which means that annual sales will reach 10 trillion to 10.5 trillion yuan.