Domestic housing stocks rebounded across the board. As of press release, Zhongliang Holdings (02772) rose 11.31% to HK$0.187; Xuhui Holdings (00884) rose 6.47% to HK$0.247; Sunac China (01918) rose 6.25% to HK$1.02; and Ocean Group (03377) rose 5.77% to HK$0.275.
The Zhitong Finance App learned that domestic housing stocks rebounded across the board. As of press release, Zhongliang Holdings (02772) rose 11.31% to HK$0.187; Xuhui Holdings (00884) rose 6.47% to HK$0.247; Sunac China (01918) rose 6.25% to HK$1.02; and Ocean Group (03377) rose 5.77% to HK$0.275.
According to the news, by the end of March, commercial banks had completed the review of all the first batch of “white list” projects promoted by the urban real estate financing coordination mechanism. Of these, the number of approved projects exceeded 2,100, with a total amount exceeding 520 billion yuan. Some unqualified projects had been fed back to the coordination mechanism.
According to a report published by Morgan Stanley, the bank's survey of more than 2,000 residents in Tier 1 to 4 cities at the end of March showed that mainland residents' desire to buy homes was weak, but their degree of disapproval of property prices decreased slightly. The bank believes that this will weaken the transmission effect of real estate easing measures, drag down the recovery of housing sales, and maintain the view that property prices will basically stabilize at the end of the third quarter.