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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
Yuzhou Group (01628.HK): Cumulative sales of 3.713 billion yuan in the first five months.
On June 7th, Gelonhui announced that Yuzhou Group (01628.HK) achieved a contracted sales amount of RMB 703 million, with a sales area of 46,178 square meters and an average selling price of RMB 15,227 per square meter in May 2024. In the first five months of 2024, the group achieved accumulated sales amount of RMB 3.713 billion, accumulated sales area of 239,225 square meters, and average selling price of RMB 15,526 per square meter. In addition, as of May 31, 2024, the group's accumulated subscribed and unsigned amount was approximately RMB 35 million.
Express News | Yuzhou Group - May Sales RMB703 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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