Jinwu Financial News | Domestic housing stocks were mostly pressured. Vanke (02202) fell 10.7%, Agile Group (03383) fell 7.94%, Zhongliang Holdings (02772) fell 4.59%, Yuexiu Real Estate (00123) fell 3.94%, China Jinmao (00817) fell 3.57%, and Midea Real Estate (03990) fell 3.77%.
According to the news, Kerui data shows that in March, the top 100 housing enterprises achieved sales transaction amount of 358.32 billion yuan (RMB, same below), an increase of 92.8% month-on-month. However, judging from the monthly performance trends of the top 100 real estate companies in the first quarter of 2019 to 2024, sales performance in the first quarter was at a low point in recent years, especially in the industry for three consecutive months.
In the first quarter of this year, sales volume of 779.24 billion yuan was achieved, a year-on-year decrease of 47.5%. The data is still not optimistic, showing that the mainland real estate market as a whole is operating at a low level, and corporate sales continue to be under pressure.