Sino-Ocean Group (03377.HK) achieved a cumulative contractual sales of 9.56 billion yuan from January to May.
On June 14th, Gelunhui reported that Sino-Ocean GP (03377.HK) and its affiliates, joint ventures, and associated companies had an agreement on the sales revenue of approximately RMB 2.44 billion and the contracted sales floor area of approximately 253,400 square meters in May 2024, with a contracted sales price of approximately RMB 9,600 per square meter. The cumulative contracted sales revenue from January 1st to May 31st, 2024 is approximately RMB 9.56 billion, the cumulative contracted sales floor area is approximately 1,007,100 square meters, and the cumulative contracted sales price is approximately RMB 9,500 per square meter.
Express News | Sino-Ocean Group - May Contracted Sales Approximately RMB2.44 Bln
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
Hong Kong stocks surged this morning, with mainland real estate stocks rising collectively. Several local governments' land collection platforms claimed to accelerate the collection of commodity housing. Private real estate companies may also be included
Mainland real estate stocks rose collectively in early trading, as of press time, Agile Group (03383) rose 5.56% to HKD 0.57; CIFI Holdings Group Co Ltd (00884) rose 4.22% to HKD 0.37; Sino-Ocean Group Holding Limited (03377) rose 4.17% to HKD 0.5; Shimao Group Holdings Limited (00813) rose 3.9% to HKD 0.8.
Sino-Ocean GP (03377) surged more than 6% in the afternoon of Hong Kong stock market. It has withdrawn 4 billion yuan from Peking Yitai Harbour Phase II.
Sino-Ocean GP (03377) rose more than 6% in the afternoon. As of the time of publication, it increased by 6.25% to HKD 0.51 with a turnover of HKD 48.6466 million.
Hong Kong stock market concept tracking | Real estate market trading activity was active during the Dragon Boat Festival holiday and institutions believe that opportunities for medium and long-term trades may appear frequently. (Attached concept stocks)
According to the data on the official website of Shanghai Real Estate Trading Center's "Online Real Estate", nearly 960 second-hand housing transactions were signed in the two days before the Dragon Boat Festival, exceeding the total number of transactions during the 5-day "May Day" holiday. The rebound in second-hand housing transactions means that the replacement chain can be activated as soon as possible.
Shareholder Sino-Ocean GP (03377) was once boosted by more than 15%, and its major shareholder, China Life and Swire, took over the 4 billion yuan exit of Peking Yiti Port Phase II.
Sino-Ocean GP (03377) rose more than 15% at one point. As of the time of publication, it increased by 11.11%, and was trading at HKD 0.5, with a turnover of HKD 62.5239 million.
Hong Kong stock news | Zheshang Securities acquires an additional 7.4159% equity of Guodu Securities for about 1.135 billion yuan. Sunny Optical's mobile phone lens shipments in May increased by 9.6% year-on-year.
In May, Sunny Optical Technology (02382) shipped approximately 104 million mobile phone lenses, an increase of 1.8% compared to the previous month and 9.6% year-on-year.
Sino-Ocean GP (03377.HK) plans to sell properties in the Dawangjing commercial area in Peking.
On June 7th, Gelunhui reported that Sino-Ocean GP (03377.HK) and its wholly-owned subsidiaries, Beijing Yingyu Enterprise Management Consulting Co., Ltd. and Tianjin Yigangtong Enterprise Management Co., Ltd., along with buyers including China Life Qihang No. 1 (Tianjin) Equity Investment Fund Partnership Enterprise (Limited Partnership), Beijing Sanlitun South Area Property Management Co., Ltd., and Zhigang Co., Ltd., signed a sale and purchase agreement with the target company on June 7th, 2024. As a result, the sellers have conditionally agreed to sell the target equity and target debt, and the buyers have conditionally agreed to purchase the target equity and target debt in accordance with the agreement.
Hong Kong stocks take a different trend | Mainland real estate stocks rebound in early trading, and the real estate financing "white list" is frequently released. Institutions are bullish on the improvement of June sales data.
According to the news from the Securities Times App, mainland real estate stocks rebounded in the morning trading session. As of press time, Radiance Holdings (09993) rose 15.25% to HKD 3.4; Shimao Group (00813) rose 4.49% to HKD 0.93; Sino-Ocean Group (03377) rose 3.41% to HKD 0.455; Logan Group (03380) rose 3.08% to HKD 0.67. In terms of news, according to CCTV, reporters recently learned from Guangdong, Guangxi, Sichuan, Jiangsu, Zhejiang and other local regulatory bureaus of the China Banking and Insurance Regulatory Commission that the financing coordination mechanism of the real estate industry in various cities is running smoothly.
Hong Kong stocks fluctuate | Mainland real estate stocks continue to decline, with a year-on-year drop of about 30% in new housing sales volume in May. Sector market conditions await a real recovery in the housing market.
According to the Zhutong Finance APP, mainland real estate stocks continue to fall, as of press time, Sunac (01918) fell 8.84%, to HKD 1.34; Zhongliang Holdings (02772) fell 8.29%, to HKD 0.166; Shimao Group (00813) fell 5.15%, to HKD 0.92; Sino-Ocean GP (03377) fell 4.21%, to HKD 0.455; R&F Properties (02777) fell 2.08%, to HKD 0.94. In terms of news, according to monitoring data from Zhuge Data Research Center, the sales of newly built commodity residences in 30 key monitored cities in May 2024.
Hong Kong stock market anomaly | Mainland real estate stocks generally fell back, and real estate companies still face liquidity pressures. Doubts about sustained improvement in June sales held by Daiwa.
Mainland real estate stocks generally fell today. As of press time, Sino-Ocean GP (03377) fell 4.04% to HK$0.475, Shimao Group (00813) fell 3.92% to HK$0.98, and R&F Properties (02777) fell 3% to HK$0.97.
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.
Changes in Hong Kong stocks | Domestic housing stocks opened higher and went lower in the week after the “517” New Deal, the results were moderate, and the cumulative transactions of new homes were less than in April
Domestic housing stocks opened higher and lower today. As of press release, Zhongliang Holdings (02772) fell 9.57% to HK$0.17; Vanke Enterprise (02202) fell 4.42% to HK$5.84; and Ocean Group (03377) fell 4.26% to HK$0.45.
Hong Kong Stock Concept Tracking | Shanghai adjusts and optimizes property market policies, institutions are optimistic that real estate recovery will spread from core cities to other cities
The real estate market is experiencing a wave of recovery spreading from core cities to other cities.
CITIC Construction Investment Securities: China Real Estate Has Entered the “Consumer Goods Era”
To understand the current reality of real estate in China and the direction of China's real estate policy, we need to pay full attention to the fact that real estate in China has moved from one big era (era of investment goods) to another (era of consumer goods).
Open Source Securities: Real estate investment and sales data continued to be low in April, and the market is still adjusting
Open Source Securities released a research report saying that after the Politburo meeting on April 30, the central government introduced a number of loose home purchase loan policies. Various regions lifted purchase restrictions in core cities such as Hangzhou and Xi'an due to city policies. The policy side was more active than before.
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