The real estate sector soared in the afternoon, more than 10 stocks rose to the limit, and the central bank issued three consecutive documents to reduce the down payment and adjust the interest rate

Real estate K-line

2024-05-17 15:02Posted on the official account of Inner Mongolia Leju Finance

On May 17, the A-share real estate development sector collectively opened high and went high, and the increase expanded in the afternoon, with leading real estate companies taking the lead in taking off, and Poly Development, Vanke A, Gemdale Group, Greenland Holdings, etc. successively pulled up the board.

As of the close, more than 30 stocks such as CCCC Real Estate and Xincheng Holdings rose by more than 8%, touching nearly 20 stocks with a daily limit. As of press time, Jingrui Holdings rose more than 150%, Sunac China, Agile, etc. rose more than 20%.

On the news side, at noon today, the central bank issued three notices in a row, which are related to a number of adjustments such as reducing the down payment for buying a house and lending interest rates.

1. Notice on adjusting the minimum down payment ratio of personal housing loans: the minimum down payment ratio of commercial personal housing loans for the first house is adjusted to not less than 15%, and the second house is adjusted to no less than 25%.

2. From May 18, 2024, the interest rate of personal housing provident fund loans will be reduced by 0.25 percentage points: the interest rate of the first set of personal housing provident fund loans for less than 5 years (including 5 years) and more than 5 years will be adjusted to 2.35% and 2.85% respectively; The second housing unit was adjusted to no less than 2.775% and 3.325% respectively.

3. Notice on Adjusting the Interest Rate Policy for Commercial Personal Housing Loans: The lower limit of the interest rate policy for commercial personal housing loans for the first and second houses at the national level will be cancelled.

At the end of April, the high-level meeting proposed to study and digest the stock of real estate and optimize the policy measures for incremental housing, and the real estate industry once again ushered in a new tone of the high-level meeting. On the same day, Beijing relaxed purchase restrictions, Shenzhen, Wuhan and other cities followed up after the holiday, and then many places continued to optimize real estate policies.

As of now, nearly 20 cities have announced that they can settle down when they buy a house, covering second-tier cities such as Hangzhou, Nanjing, Wuhan, Shenyang, and Foshan. The analysis believes that with the adjustment of the property market and the relaxation of population policies, first-tier cities may launch similar policies again in the future.

The institutional research report pointed out that with the acceleration of the implementation of finance, a new round of loosening of local real estate policies. The central government's control thinking has shifted from the "three major projects" to "destocking", and housing prices are expected to stabilize.

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