One week market review
This week, the Shenwan real estate index rose 1.98%, the Shanghai and Shenzhen 300 index fell 0.94%, and the relative income was 2.93%. The performance of the sector was stronger than that of the market.
Industry fundamentals
This week (03.11-03.17), a total of 38270 first-hand houses were sold in 58 key cities tracked by West China real estate group, with a year-on-year growth rate of – 51% and a month on month growth rate of – 12.6%; The total transaction area was 4018000 square meters, with a year-on-year growth rate of – 50% and a month on month growth rate of – 5.5%. This week (03.11-03.17), a total of 14168 second-hand houses were sold in 16 key cities tracked by West China real estate group, with a year-on-year growth rate of – 37.8% and a month on month growth rate of – 4.7%; The total transaction area was 1.36 million square meters, with a year-on-year growth rate of – 36.5% and a month on month growth rate of – 2.5%. This week (03.11-03.17), the inventory area of commercial housing in 17 key cities tracked by West China real estate group was 196781000 square meters, with a month on month growth rate of 0.6% and a decontamination cycle of 89.6 weeks.
This week (03.07-03.13), in terms of land supply, 28.016 million square meters of land were supplied this week, with a year-on-year growth rate of – 17.3%; The average supply price was 2014 yuan / m2, with a year-on-year growth rate of 23.5%. The land sold was 14.045 million square meters, with a year-on-year growth rate of – 71.4%; The land transaction amount was 11.97 billion yuan, with a year-on-year growth rate of – 84.4%. This week (03.11-03.17), real estate enterprises issued a total of 12.62 billion yuan of credit bonds, with a year-on-year growth rate of – 41.8% and a month on month growth rate of 17%. Real estate collective trusts issued a total of 3.26 billion yuan, with a year-on-year growth rate of – 80.9%, a month on month growth rate of 12.4% and an average income of 7.72%.
Investment advice
This week, the National Bureau of statistics disclosed data that from January to February, the sales area of commercial housing was 157.03 million square meters, a year-on-year decrease of 9.6%, of which the sales area of residential housing decreased by 13.8%; The sales volume of commercial housing was 1545.9 billion yuan, down 19.3%, of which the sales volume of residential housing decreased by 22.1%. The national investment in real estate development was 1449.9 billion yuan, a year-on-year increase of 3.7%; Among them, the residential investment was 1076.9 billion yuan, an increase of 3.7%. On the morning of March 16, Guo Shuqing, Secretary of the Party committee and chairman of the CIRC, presided over a special meeting to convey, study and implement the spirit of the meeting of the financial committee of the State Council. The meeting stressed that we should adhere to the positioning that houses are used for living rather than speculation, continue to improve the long-term mechanism of “stabilizing land prices, house prices and expectations”, actively promote the transformation of the development mode of the real estate industry, encourage institutions to carry out M & A loans in a stable and orderly manner, focus on supporting high-quality real estate enterprises to merge and acquire high-quality projects of difficult real estate enterprises, and promote the virtuous circle and healthy development of the real estate industry. The national development and Reform Commission issued the key tasks of strengthening the integration of urban and rural development and supply of new housing in 2022. Focus on large cities with net population inflow, expand the supply of affordable rental housing, and strive to solve the housing difficulties of qualified new citizens, young people and other groups. According to the data of the National Bureau of statistics on March 16, among the 70 large and medium-sized cities in February, the sales prices of new commercial housing and second-hand housing increased in 27 and 10 cities respectively, and decreased in 40 and 58 cities respectively. The sales prices of new commercial houses and second-hand houses in the first tier cities increased month on month, the new house prices in the second tier cities changed from rising to flat, and the third tier cities continued to fall and the decline expanded.
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.
