ET Net News Agency reported on the 6th: Longfor (00960) is currently up 4.4%, trading at HK$5.53; Sunac China (01918) rises 10.2%, at HK$0.65; Country Garden (02007) gains 4.4%, at HK$0.188; Shimao Group (00813) climbs 8.5%, at HK$0.051. State-owned property developers show moderate gains, with China Overseas (00688) up 1.8% at HK$13.09; R&F Properties (01109) up 1.7% at HK$29.9; Yue Xiu Properties (00123) up 2% at HK$3.355.
Recent favorable policies for the domestic property market continue to intensify. Reports indicate that new project showrooms in Beijing have opened in clusters, with ticketing systems and queues appearing at sales offices. In Shanghai, several 'sold-out projects' emerged during the Mid-Autumn and National Day holidays, and second-hand housing transaction data significantly outperformed the same period last year. Analysts believe that with policies such as extending mortgage terms to 40 years and providing interest subsidies on first-home mortgages, the密集 new policies have lowered the threshold and burden of home buying, leading to concentrated release of both first-time and improvement demand during the holiday. This suggests that the property market's 'Silver October' this year is likely to be promising.
At the end of last month, the Ministry of Finance, the People's Bank of China, and the National Financial Regulatory Administration jointly issued a notice to strengthen coordination between fiscal and financial policies to support urban and rural residents' rigid housing needs. It was decided that starting October 1, a nationwide policy to subsidize interest on home purchase loans would be implemented, reducing the interest burden on commercial personal housing loans for families newly purchasing their first home. The policy will be implemented for a provisional period of one year.
The notice clearly states that households meeting all of the following conditions will be eligible for interest subsidies: first, using newly issued commercial personal housing loans to purchase a first home (excluding refinancing of existing loans); second, the purchased property has a floor area not exceeding 120 square meters; third, the purchase price of the property does not exceed 1.5 million yuan. According to the notice, the maximum loan amount eligible for subsidy can reach 1 million yuan, with the finance department providing a 1 percentage point annualized interest subsidy, with a maximum subsidy period of 5 years. The upper limit of the loan amount eligible for subsidy per household is 1 million yuan, meaning a maximum interest saving of 50,000 yuan.
Currently, the Hang Seng Index stands at 24,206, up 165 points or 0.7%, with main board turnover exceeding HK$27.4 billion. The Hang Seng China Enterprises Index is at 8,110, up 58 points or 0.7%. The Hang Seng Tech Index is at 4,215, up 31 points or 0.8%. (vs)
Recent favorable policies for the domestic property market continue to intensify. Reports indicate that new project showrooms in Beijing have opened in clusters, with ticketing systems and queues appearing at sales offices. In Shanghai, several 'sold-out projects' emerged during the Mid-Autumn and National Day holidays, and second-hand housing transaction data significantly outperformed the same period last year. Analysts believe that with policies such as extending mortgage terms to 40 years and providing interest subsidies on first-home mortgages, the密集 new policies have lowered the threshold and burden of home buying, leading to concentrated release of both first-time and improvement demand during the holiday. This suggests that the property market's 'Silver October' this year is likely to be promising.
At the end of last month, the Ministry of Finance, the People's Bank of China, and the National Financial Regulatory Administration jointly issued a notice to strengthen coordination between fiscal and financial policies to support urban and rural residents' rigid housing needs. It was decided that starting October 1, a nationwide policy to subsidize interest on home purchase loans would be implemented, reducing the interest burden on commercial personal housing loans for families newly purchasing their first home. The policy will be implemented for a provisional period of one year.
The notice clearly states that households meeting all of the following conditions will be eligible for interest subsidies: first, using newly issued commercial personal housing loans to purchase a first home (excluding refinancing of existing loans); second, the purchased property has a floor area not exceeding 120 square meters; third, the purchase price of the property does not exceed 1.5 million yuan. According to the notice, the maximum loan amount eligible for subsidy can reach 1 million yuan, with the finance department providing a 1 percentage point annualized interest subsidy, with a maximum subsidy period of 5 years. The upper limit of the loan amount eligible for subsidy per household is 1 million yuan, meaning a maximum interest saving of 50,000 yuan.
Currently, the Hang Seng Index stands at 24,206, up 165 points or 0.7%, with main board turnover exceeding HK$27.4 billion. The Hang Seng China Enterprises Index is at 8,110, up 58 points or 0.7%. The Hang Seng Tech Index is at 4,215, up 31 points or 0.8%. (vs)
