The inventory removal and return to the real estate policy toolbox received a positive response from asset prices.
Hefei, Zhengzhou, Xi'an, Wuhan, Changsha and other places are following up and implementing the “minimum down payment ratio of 15% for the first housing unit and 25% minimum for the second housing unit” policy in the “517” new property market policy.
On May 17, a video conference on how to effectively secure housing was held in Beijing to make arrangements to support state-owned enterprises to acquire commercial housing that have already been built and not sold, revitalize existing land, and secure surrender buildings. On the same day, the Central Bank and the General Financial Supervisory Authority issued three policies in succession, announcing a reduction in the down payment ratio for loans, abolishing the lower interest rate limit on mortgages, and lowering interest rates on personal housing provident fund loans.
Zhang Dawei, chief analyst at Central Plains Real Estate, said that although the full recovery of the market expected by second-hand housing owners will have to wait for the detailed implementation of the policy details, the release of several major policies in a row shows the government's determination to stabilize the property market, and it can already be expected that it will bottom out and stabilize.
According to Shenzhen Commercial Daily, the latest data from the Shenzhen Real Estate Agents Association shows that activity in the Shenzhen real estate market increased significantly last week, and second-hand housing sales increased markedly.
According to the China Merchants Macro Research Report, the current real estate sales side policy may be a rare window period to further adjust. In a situation where supply is relatively stable, marginal improvement on the demand side can be driven by removing inventory.
The acquisition of assets by a broad government department can effectively change the relationship between supply and demand in the real estate market.
The expansion of government departments is also a successful experience in solving real estate issues overseas.
Furthermore, inventory removal is a more market-based policy plan, and it is also a policy measure that the capital market has been looking forward to.
As a result, removing inventory and returning to the real estate policy toolbox received a positive response from asset prices.
Real estate-related industry chain enterprises include:
Sunac China (01918), Longhu Group (00960), Ocean Group (03377), Vanke Enterprise (02202), C&D International Group (01908), Yuexiu Real Estate (00123), China Resources Land (01109), etc.;
Property management companies: China Resources Vientiane Life (01209), Poly Real Estate (06049), Midea Real Estate (03990), etc.
Housing agency: Seashell-W (02423), Country Garden Service (06098)