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UBS Group: It is expected that the remaining time of the year, Hong Kong property prices will generally stabilize or slightly rebound.
UBS Group issued a research report stating that the USA has officially entered an interest rate cut cycle. Consequently, UBS Group announced that it will follow suit and decrease the best rate for Hong Kong dollars by 25 basis points, unexpectedly becoming a "Mid-Autumn Festival gift" to the Hong Kong property market and bringing bullish news. The interest rate for new residential mortgages will be lowered from 4.125% to 3.88%, which will help narrow the negative interest rate gap with rental return on investment.
After the Fed cuts interest rates, multiple real estate stocks have strengthened. Will mortgage rates be further lowered?
① Influenced by the bullish factor of the Fed's interest rate cut, today's real estate stocks including Vanke, Jindi, Sunac, Shimao Group, and Jingfa International are strong; ② "The Fed's interest rate cut is expected to accelerate the implementation of China's reserve requirement ratio (RRR) and interest rate cuts, which will help further reduce the financing cost of enterprises. For the real estate market, the 5-year LPR is expected to be further reduced, and the cost of home purchase for residents may also decline."
Open Source Securities: Accelerating the promotion of allocated indemnificatory apartments, multiple second-tier cities are implementing
Since 2024, under the call of the central government to increase the construction and supply of indemnificatory housing, local governments have successively announced the construction goals of allocation-type indemnificatory housing, and some cities have completed the specific project subscriptions.
Mainland real estate stocks are strong, with R&F Properties (02777) rising 7.69%. Institutions point out that if policies are introduced, it may reverse the market downturn.
Jingu Finance News | Mainland real estate stocks show strong upward momentum, with R&F Properties (02777) rising 7.69%, Shimao Group (00813) rising 7.37%, Sunac (01918) rising 5.43%, Greentown China (03900) rising 5.37%, Longfor Group (00960) rising 4.02%, and China Vanke (02202) rising 3.85%. On the news front, a report by China International Capital Corporation Limited (CICC) pointed out that the current decline in transaction volume in the property market and the increase in the number of second-hand listings have further exerted pressure on housing prices, leading to a further monthly decline in second-hand housing prices in August. Against this backdrop, coupled with the current state of operation of developers, the market sentiment has weakened, and the market is in a wait-and-see state.
August Housing Starts, Permits Rise More Than Expected
China Vanke: Finished Withdrawing Loan, With CNY580M Left
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