Domestic housing stocks were generally under pressure. As of press release, Vanke Enterprise (02202) fell 3.18% to HK$4.57; Sunac China (01918) fell 2.75% to HK$1.06; and Yuexiu Real Estate (00123) fell 1.7% to HK$4.04.
The Zhitong Finance App learned that domestic housing stocks were generally under pressure. As of press release, Vanke Enterprise (02202) fell 3.18% to HK$4.57; Sunac China (01918) fell 2.75% to HK$1.06; and Yuexiu Real Estate (00123) fell 1.7% to HK$4.04.
According to the news, according to Kray data, in the first quarter of 2024, the overall operation of the Chinese real estate market remained low, and corporate sales continued to be under pressure. In March, TOP100 real estate companies achieved sales transaction amounts of 358.32 billion yuan, an increase of 92.8% over the previous month, but the monthly performance scale remained at a historically low level, down 45.8% from March last year. In terms of cumulative performance, the top 100 housing enterprises achieved sales transactions of 779.24 billion yuan in January-March, a year-on-year decrease of 47.5%.
Dongxing Securities said that although industry policies continue to improve, it will take time to restore market confidence. As sales of housing enterprises continue to be under pressure, their own hematopoietic capacity is insufficient, and mobility will still be under pressure. Tianfeng Securities believes that sales of the top 100 may still be under pressure in April, mainly because the impact of price-for-volume diversion of second-hand housing may continue in stages, supply factors concentrated on housing enterprises may weaken, and there are still no clear signs of key factors affecting fundamental expectations, such as the cessation of price declines. Whether new policies have been introduced or are there any key factors affecting the sustainability of future repairs.