The Zhitong Finance App learned that domestic housing stocks strengthened again in early trading. As of press release, Xuhui Holding Group (00884) rose 11.54% to HK$0.29; Longhu Group (00960) rose 7.96% to HK$10.58; Ocean Group (03377) rose 7.69% to HK$0.28; Agile Group (03383) rose 6.38% to HK$0.5.
According to the news, on the evening of April 23, the Shenzhen government announced “trade-in” housing. Currently, 21 agencies and 13 real estate projects have participated in the “New Home Exchange”. 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.
In addition, according to a recent report by the Financial Federation, Xuhui completed 24 “white list” projects in the first quarter of this year, with an equity rollover amount of 5.06 billion yuan, and a post-equity financing replacement amount of 508 million yuan. The annualization of equity can save 120 million yuan in interest. Earlier, Xu Hui revealed that the Wuhu Gilding Impression is the first project approved for additional financing. The amount approved was 150 million yuan, and loans will be made according to the construction progress. China Post Securities said 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.