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Times China Holdings (01233.HK): cumulative contract sales of RMB 3.586 billion in the first five months.
Times China (01233.HK) announced on June 5 that the accumulated contract sales (including joint venture project sales) of the group for the five months ending on May 31, 2024 were approximately RMB 3.586 billion, with a contracted construction area of approximately 267,000 square meters. In May 2024, the group's contract sales (including joint venture project sales) amounted to approximately RMB 1.005 billion, with a contracted construction area of approximately 70,000 square meters.
Express News | Times China - May Contracted Sales Approximately RMB1,005 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.
Open Source Securities: Inventory pressure still exists in the property market, and subsequent financing progress is still worth paying attention to
According to incomplete statistics from Open Source Securities, as of May 28, 2024, 14 provinces (including Shenzhen, Shanghai, and Guangzhou) have introduced “trade-in” policies for commercial housing. Among them, Jiangsu, Shandong, and Zhejiang have implemented the most cities. In terms of urban energy levels, first-tier cities Shenzhen, Shanghai, and Guangzhou have successively implemented “trade-in” policies, and third-tier cities have implemented more “trade-in” policies.
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