[Brokerage Focus] CMB International: The downward trend in real estate sales in September may intensify.

金吾財訊 · Sep 11 03:11

Kinwon Financial News | CMB International stated that the downward trend in real estate sales in September may intensify. The bank pointed out that some cities are adopting a new pricing mechanism, using the interior area of houses rather than the total area as the basis for sales pricing while keeping the total price of the house unchanged. The bank believes that because the unit selling price appears to be higher under this mechanism, it will not promote sales in the short term. However, the bank believes that this will increase transparency in transactions, thereby protecting the rights of homebuyers and promoting the healthy development of the industry in the long run. Discussions on the policy of allowing existing housing to be mortgaged are ongoing. The bank believes that only when mortgage rates are reduced to a level that makes rental yields attractive, will it boost the sentiment for home purchases. High-frequency data shows a weak start to September. The bank believes that the industry's key negative factors have already been absorbed by the market. With the gradual resolution of major challenges and the continuous bullish policy outlook, the bank expects the industry to continue to recover in the medium to long term.

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【券商聚焦】招银国际：房地产九月销售下滑趋势可能加剧

[Brokerage Focus] CMB International: The downward trend in real estate sales in September may intensify.

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