Domestic housing stocks generally rose. As of press release, Xuhui Holding Group (00884) rose 6.69% to HK$0.255; Agile Group (03383) rose 3.8% to HK$0.41; and Shimao Group (00813) rose 3.28% to HK$0.315.
The Zhitong Finance App learned that domestic housing stocks generally rose. As of press release, Xuhui Holding Group (00884) rose 6.69% to HK$0.255; Agile Group (03383) rose 3.8% to HK$0.41; Shimao Group (00813) rose 3.28% to HK$0.315; and Sunac China (01918) rose 2.11% to HK$0.97.
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 coordination mechanism. Of these, the number of approved projects exceeded 2,100, and the total amount was over 520 billion yuan. China Post Securities believes that part of the reason why new home sales continue to be weak is that residents are worried that new housing plans will not be delivered on time. Under the impetus of the coordination mechanism, “white list” project funding has been put in place one after another to help restore residents' confidence in buying homes. According to information from Xuhui's side, as of April 22, Xuhui had 68 projects on the “white list” nationwide. The Gilt Gold Impression Project in Wuhu was recently approved for additional financing of 150 million yuan, and a partial loan was completed according to the construction schedule.
Furthermore, last week, Changsha completely lifted purchase restrictions, and several cities launched a “trade-in” model. According to statistics from the China Index Research Institute, over 30 cities have now expressed support for “trade-in.” More than 10 cities, including Xuzhou, Zibo, and Nanjing, have implemented this policy. Dongwu Securities said that real estate enterprise-side and resident-side policies are progressing steadily, and it looks forward to the gradual opening of real estate policies in more core cities in April and May, boosting market demand and confidence.