Domestic housing stocks had the highest decline. As of press release, Shimao Group (00813) fell 8.45% to HK$0.325; Yuexiu Real Estate (00123) fell 4.67% to HK$3.88; and Ocean Group (03377) fell 3.7% to HK$0.26.
The Zhitong Finance App learned that domestic housing stocks had the highest decline. As of press release, Shimao Group (00813) fell 8.45% to HK$0.325; Yuexiu Real Estate (00123) fell 4.67% to HK$3.88; Ocean Group (03377) fell 3.7% to HK$0.26; and Vanke Enterprise (02202) fell 3.08% to HK$4.09.
According to the news, in March, the top 100 real estate companies achieved sales volume of 392.1 billion yuan, a year-on-year decrease of 47.4%. The cumulative sales volume for the first quarter was 897.8 billion yuan, a year-on-year decrease of 49.1%. Current sales are still under pressure. Dongwu Securities recently pointed out that the transaction area of new and second-hand housing in the 1st week of April fell month-on-month due to the Qingming holiday, and maintained a large year-on-year decline due to the high base. Real estate policies were relaxed in many places last week. The main contents of the policy were housing purchase subsidies and real estate “trade-in”. Although there was a seasonal recovery in Xiaoyangchun in March, the results were slightly insufficient. We look forward to the gradual opening of real estate policies in more core cities in April and May, further boosting market demand and confidence.