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Hong Kong stocks fluctuate | Mainland real estate stocks plummeted in the morning, with several stocks falling more than 10%. Shimao Group (00813) once plunged by 35%.
Mainland real estate stocks tumbled in the morning session, as of the time of publication, Sunac (01918) fell by 18.91%, closing at 3.73 Hong Kong dollars; Shimao Group (00813) fell by 19.22%, closing at 2.27 Hong Kong dollars; R&F Properties (02777) fell by 18.21%, closing at 2.29 Hong Kong dollars.
Hong Kong property stocks rose in the morning session, with r&f properties (02777) up more than 24%, as expectations of fiscal measures continue to heat up and boost the outlook for rental income.
hong kong property stocks rose in the morning, as of the close of the press release, r&f properties (02777) rose by 24.55%, to 1.37 Hong Kong dollars; hang lung ppt (00101) rose by 10.65%, to 7.48 Hong Kong dollars; new world dev (00017) rose by 4.62%, to 10.44 Hong Kong dollars; wharf reic (01997) rose by 4.14%, to 27.65 Hong Kong dollars.
Hong Kong stocks surged | Mainland real estate stocks collectively opened higher, existing home loan interest rate cuts clarified, and new real estate policies introduced in three major first-tier cities.
Mainland real estate stocks opened collectively high, China Vanke (02202) rose by 14.99%, to 7.67 Hong Kong dollars; Longfor Group (00960) rose by 14.87%, to 15.76 Hong Kong dollars; Sino-Ocean GP (03377) rose by 14.81%, to 0.31 Hong Kong dollars.
Kerui: Real estate sets the tone for 'stabilizing and rebounding.'
The Central Political Bureau meeting of the Communist Party of China pointed out that it is necessary to reduce the reserve requirement ratio, implement a substantial interest rate cut, and adjust down housing transaction taxes and fees. In this round, various types of taxes and fees related to housing transactions such as deed tax, value-added tax, personal income tax, etc. are reduced or exempted to promote housing consumption. For example, individuals purchasing the only residence are exempt from deed tax, while families purchasing the second or large-area improvement housing are eligible for a partial deed tax reduction. Additionally, measures such as shortening the duration of value-added tax and personal income tax exemption for housing transactions.
Guangzhou R&F Properties Faces Legal Delays
r&f properties (02777): The High Court has ordered the adjournment of Megaworld's application for a hearing to March 5, 2025.
r&f properties (02777) announced that regarding (including) the fully-owned subsidiaries Zhaohui and r&f Hong Kong...
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