One week market review
This week, the Shenwan real estate index rose 1.23%, the Shanghai and Shenzhen 300 index fell 1.68%, and the relative income was 2.91%. The performance of the sector was stronger than the market.
Industry fundamentals
This week (02.25-03.03), a total of 53420 first-hand houses were sold in 58 key cities tracked by West China real estate group, with a year-on-year growth rate of – 36.2% and a month on month growth rate of 2.3%; The total transaction area was 5.772 million square meters, with a year-on-year growth rate of – 32.9% and a month on month growth rate of 6.7%.
This week (02.25-03.03), a total of 14112 second-hand houses were sold in 16 key cities tracked by West China real estate group, with a year-on-year growth rate of – 23% and a month on month growth rate of 12.7%; The total transaction area was 1.348 million square meters, with a year-on-year growth rate of – 21.3% and a month on month growth rate of 15.1%.
This week (02.25-03.03), the inventory area of commercial housing in 17 key cities tracked by West China real estate group was 194409000 square meters, with a month on month growth rate of – 1.4%, and the decontamination cycle was 84.2 weeks.
This week (February 21-february 27), 29.149 million square meters of land were supplied, with a year-on-year growth rate of – 31.7%; The average supply price was 4250 yuan / m2, with a year-on-year growth rate of 231.5%; The land sold was 17.639 million square meters, with a year-on-year growth rate of – 43.4%; The land transaction amount was 10.12 billion yuan, with a year-on-year growth rate of – 83.1%.
This week (02.25-03.03), real estate enterprises issued a total of 13.68 billion yuan of credit bonds, with a year-on-year growth rate of – 13.8% and a month on month growth rate of – 17%. Real estate collective trusts issued a total of 4.66 billion yuan, with a year-on-year growth rate of – 73%, a month on month growth rate of – 21.5%, and an average income of 7.56%.
Investment advice
This week, the two sessions in 2022 proposed to optimize housing financial services to meet the housing needs of new citizens: help increase the supply of affordable housing; Support the healthy development of housing rental market; Meet the new citizens’ reasonable demand for house purchase credit; Improve the service level of housing provident fund for new citizens; Optimize financial services for new citizens to live in peace. The China Banking and Insurance Regulatory Commission and the people’s Bank of China recently jointly issued the notice on strengthening financial services for new citizens. In view of the financial needs of new citizens in key areas such as entrepreneurship, employment, housing, education, medical treatment and pension, encourage and guide banking and insurance institutions to actively connect with existing support policies, and strengthen product and service innovation according to local conditions in combination with local conditions, Expand financial supply with high quality and improve the equality and convenience of financial services. On March 1, the general office of Zhengzhou Municipal People’s government issued a notice on promoting the virtuous circle and healthy development of the real estate industry, providing project loan support to enterprises, regularly organizing the connection between banks and enterprises, and encouraging financial institutions to extend and renew loans to troubled enterprises; Reduce the burden of personal housing consumption, guide financial institutions in Zheng to increase the investment of personal housing mortgage loans and reduce the interest rate of housing loans. On March 4, Tangshan housing provident fund management center announced that if employees buy a second self occupied house, the minimum down payment ratio will be adjusted from no less than 60% to no less than 30%. Several banks in Dezhou City, Shandong Province lowered the down payment ratio of personal housing loans, and the down payment ratio of the first house fell from the previous lowest 30% to the lowest 20%. At the same time, Kunming City, Yunnan Province has also relaxed the requirements of down payment ratio, and the number of buyers who can enjoy 20% low down payment has increased.
At present, the valuation of the real estate sector is at a low level, with strong performance certainty and high dividends. We highlight and highlight the leading real estate companies with strong performance certainty. We highlight the leading real-estate companies that highlight and highlight the leading real estate companies with strong performance certainty: the 00000 China Vanke Co.Ltd(000002) China Vanke Co.Ltd(000002) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ Nacity Property Service Group Co.Ltd(603506) . Relevant beneficiary objects include Longhu group, China Jinmao, poly property, green city services, etc.
Risk tips
Sales were lower than expected, and the real estate regulation policy was tightened.
