Shenzhen and Hangzhou released details of commercial housing sales system reform yesterday. The "local version" of the August 28th new policy has been implemented in two more cities. Within one day, two core cities simultaneously implemented new policies ranging from strengthening pre-sale management, promoting ready-to-move-in home sales, implementing the lead bank system, to optimizing land supply, indicating that the local pathways for reform of the commercial housing sales system are becoming increasingly clear. So far, first-tier cities including Beijing, Shanghai, Guangzhou, and Shenzhen have all implemented detailed measures, marking the comprehensive implementation stage of the commercial housing sales reform.
Regarding ready-to-move-in home sales deposits, Shenzhen stipulates that it shall not exceed 3% of the total house price, while Hangzhou sets the limit at no more than 5%. Hangzhou also stipulates that, except for projects explicitly required to be ready-to-move-in sales in land grant announcements, developers can choose independently between pre-sales or ready-to-move-in sales.
Currently, the Hang Seng Index stands at 24,389, up 326 points or 1.4%, with main board turnover exceeding HK$68 billion. The国企 Index is at 8,215, up 111 points or 1.4%. The Hang Seng Tech Index is at 4,151, up 90 points or 2.2%.
| Stock (Code) | Current Price (HK$) | Change (%) |
|---|---|---|
| Longfor (00960) | 5.19 | Up 9.26% |
| China Overseas (00688) | 13.43 | Up 2.91% |
| Runte (01109) | 31.8 | Up 5.79% |
| China Jinmao (00817) | 1.285 | Up 4.47% |
| Yue地产 (00123) | 3.295 | Up 4.11% |
| Sunac China (01918) | 0.575 | Up 3.6% |
| Country Garden (02007) | 0.173 | Up 3.59% |
| Shimao Group (00813) | 0.072 | Up 5.88% |
| Logan Group (03380) | 1.195 | Up 2.14% |
| Vanke Enterprise (02202) | 2.505 | Up 5.25% |
| R&F Properties (02777) | 0.226 | Up 4.15% |
| Greentown (03900) | 6.115 | Up 4.71% |
