港股异动 | 内房股集体走低 首2月全国住宅用地完成交易量下滑18.8% 市场整体恢复力度相对有限

Changes in Hong Kong stocks | Domestic housing stocks collectively declined in the first 2 months, and the country's residential land completed transaction volume fell 18.8%, and overall market recovery was relatively limited

Zhitong Finance ·  Mar 27 03:19

The Zhitong Finance App learned that domestic housing stocks were collectively lower today. As of press release, Sunac China (01918) fell 4.31% to HK$1.11; Vanke Enterprise (02202) fell 3.58% to HK$5.38; and R&F Real Estate (02777) fell 2.17% to HK$0.9.

According to the news, the Ministry of Natural Resources reported the latest data on domestic land transactions at a regular press conference, showing that in the first two months of 2024, the number of completed residential land transactions nationwide was 4,845 hectares, a year-on-year decrease of 18.8%. In 70 large and medium-sized cities, the volume of completed residential land transactions was 2023 hectares, a slight increase of 1.4% over the previous year.

Galaxy Securities previously pointed out that real estate sales and new construction starts continue to be under pressure, and the pace of completion has begun to slow down. Affected by the high base and seasonality, the overall recovery of the real estate market has been relatively limited since the release of industry policies. The decline in sales has put a lot of pressure on housing enterprises to return capital, making it difficult to secure investment capital, and the real estate market may maintain a sluggish trend in the short term. In the medium to long term, as economic expectations improve and policies maintain a relaxed environment, it is expected that the real estate market will pick up somewhat.

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