Market review week
This week, the Shenwan real estate index fell 9.2%, the CSI 300 index fell 4.19%, and the relative income was – 5.02%. The performance of the sector was weaker than the market.
Industry fundamentals
This week (04.15-04.21), a total of 40884 first-hand houses were sold in 58 key cities tracked by West China real estate group, with a year-on-year growth rate of – 50.1% and a month on month growth rate of 4.2%; The total transaction area was 4099000 square meters, with a year-on-year growth rate of – 51.5% and a month on month growth rate of 6.8%.
This week (April 15-april 21), a total of 15468 second-hand houses were sold in 16 key cities tracked by West China real estate group, with a year-on-year growth rate of – 35.9% and a month on month growth rate of 2.7%; The total transaction area was 1501000 square meters, with a year-on-year growth rate of – 34% and a month on month growth rate of 6.4%.
This week (April 15-april 21), the inventory area of commercial housing in 17 key cities tracked by West China real estate group was 198475 million square meters, with a month on month growth rate of 0.4% and a decontamination cycle of 113.9 weeks.
This week (April 11-april 17), 24.532 million square meters of land were supplied this week, with a year-on-year growth rate of 64.9%; The average supply price was 7030 yuan / m2, with a year-on-year growth rate of 739.9%. The land sold was 13.906 million square meters, with a year-on-year growth rate of 41.4%; The land transaction amount was 17.95 billion yuan, with a year-on-year growth rate of 86.9%.
This week (04.15-04.21), real estate enterprises issued a total of 13.44 billion yuan of credit bonds, with a year-on-year growth rate of 12.1% and a month on month growth rate of 74.5%. Real estate collective trusts issued a total of 3.67 billion yuan, with a year-on-year growth rate of – 75.5%, a month on month growth rate of 133.8% and an average income of 7.6%.
Investment advice
This week, on April 18, the people’s Bank of China and the State Administration of foreign exchange issued the notice on doing a good job in epidemic prevention and control and financial services for economic and social development, and put forward 23 policies and measures to strengthen financial services and strengthen support for the real economy from three aspects: supporting the relief of troubled subjects, unblocking the national economic cycle and promoting the development of foreign trade and exports. On the basis of controllable risks, financial institutions should appropriately increase liquidity loans and other support to meet the reasonable financing needs of construction enterprises, do not blindly withdraw, cut off and suppress loans, and maintain the continuous and stable financing of construction enterprises. On April 18, the first mortgage interest rate of major banks in Nanjing was basically between 5.2% and 5.4%. This is down from 5.5% – 5.9% and 5.2% – 5.6% in February and early April this year. The lending time is also accelerating, and the loan can be made as soon as a week. The Bureau of statistics released the report on real estate development and sales in the first quarter of 2022. From January to March, the national investment in real estate development was 2776.5 billion yuan, a year-on-year increase of 0.7%; Among them, the residential investment was 2076.1 billion yuan, an increase of 0.7%. The sales area of commercial housing was 310.46 million square meters, a year-on-year decrease of 13.8%; Among them, the residential sales area was 263.05 million square meters, a year-on-year decrease of 18.6%. The sales volume of commercial housing was 2965.5 billion yuan, down 22.7%; Among them, residential sales reached 2607.3 billion yuan, down 25.6%.
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.
