Domestic housing stocks collectively opened higher. As of press release, Shimao Group (00813) rose 14.15% to HK$1.21; Ocean Group (03377) rose 14.1% to HK$0.445; and Xuhui Holding Group (00884) rose 9.21% to HK$0.415.
The Zhitong Finance App learned that domestic housing stocks were collectively higher. As of press release, Shimao Group (00813) rose 14.15% to HK$1.21; Ocean Group (03377) rose 14.1% to HK$0.445; Xuhui Holding Group (00884) rose 9.21% to HK$0.415; and Sunac China (01918) rose 6.77% to HK$1.42.
According to the news, the Housing and Urban-Rural Development Bureau of Lin'an District of Hangzhou issued a call for commercial housing to be used as a public rental housing supplier. Analysts believe that this policy signal is very significant. It provides very strong confidence in local inventory removal. It can also be understood as another major policy innovation in the method of digesting the stock of real estate, in addition to the trade-in policy. It is expected that other cities will follow suit in the future. Furthermore, in the middle of the night of May 15, Hefei issued a new property market policy. Among them, it is clear that a maximum subsidy amount of 100,000 yuan can be enjoyed for a single set.
Guojin Securities believes that real estate inventory removal is expected to be promoted through “trade-in” and requires policy and financial support from the central level, such as PSL; when targeting US real estate and China's aviation industry, stock prices and valuations reflect expectations, and fundamentals are being repaired or lagging behind. It is expected that inventory removal will drive a shift in market expectations, and the bottom of real estate stock prices and valuations is already at the bottom. The first real estate enterprise with the ability to acquire land continuously, lay out core plots in core cities, and focus on improving products.