news

zhitong finance app learned that domestic real estate stocks rose collectively in the morning session. as of press time, china overseas land & investment (03377) rose 5.24% to hk$0.241; shimao group (00813) rose 4.69% to hk$0.67; greenland china holdings (03900) rose 3.35% to hk$6.47; sunac china holdings (01918) rose 3.09% to hk$1.

in terms of news, the market has recently paid close attention to rumors of a reduction in existing mortgage rates. the latest news is that financial regulators have proposed to reduce existing mortgage rates by a total of about 80 basis points nationwide, in two steps. the first reduction may take place in the next few weeks, and the second reduction will take effect at the beginning of next year. the plan may apply to both the first and second homes.

in addition, minsheng securities research report pointed out that the high temperature weather and sluggish market sentiment in july and august 2024 will continue to reduce the transaction volume month-on-month, and the absolute volume is the second lowest in the year (only slightly higher than february at the beginning of the year). it is predicted that in september, with the arrival of the traditional marketing peak season, real estate companies will increase both the intensity of launching and the intensity of marketing, and the overall transaction volume in september may continue to increase month-on-month.