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China's SOEs Buying Excess Property a Major Step Forward in Rescue Plan
China's state-owned enterprises buying excess housing from the market could be a big leap forward in rescuing the country's property sector as it opens the door for direct public financing, ANZ Resear
Hopson Development Holdings Limited (00754.HK) had a total contracted sales amount of approximately 1.665 billion yuan in May.
On June 7th, Glorious Property Holdings Limited (00754.HK) announced that as of May 31, 2024, the total contracted sales amount of the Group and its joint ventures and associated companies was approximately RMB 7.069 billion; of which the property contract sales were approximately RMB 6.778 billion; and the decoration contract sales were approximately RMB 0.291 billion. In May 2024, the total contracted sales amount of the Group and its joint ventures and associated companies was approximately RMB 1.665 billion, of which the property contract sales were approximately RMB 1.627 billion; and the decoration contract sales were approximately RMB 0.038 billion. As of
Express News | Hopson Development - Gross Contracted Sales for Five Months Ended May RMB7,069 Mln
HTSC: China's mortgage rates may still have room to fall and remain bullish on the valuation repair of the real estate sector.
HTSC remains bullish on the real estate sector's valuation recovery, focusing on robust real estate developers with more resources in core cities and improved product capabilities, as well as property management companies with resilient performance, stable cash flow, and generous dividends.
China Property Firms Could Revamp Business Models Amid Consolidation -- Market Talk
China's property companies could transform their business models amid accelerating industry consolidation, Citi analysts say in a research note.
The Ministry of Housing and Urban-Rural Development announced that 16,800 old urban communities across the country have been renovated and reconstructed from January to April.
In 2024, the country plans to start the renovation of 54,000 old urban communities.
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