One-handed turnover of more than 200 billion new high 97 Re-approaching the property market flourishing situation

In recent years, the government has been actively pushing for more success. New residential supply has been put in place, making it more obvious that the new market will dominate the market in 2017. With the advent of a large number of sticks, the first-hand market has created “both price” and multiple developers Break the sales revenue of the Group. As of November 11, 2017, a total of 16,770 new transactions have been recorded, a record high of a year since the implementation of the “First-hand Residential Properties Sales Ordinance” (the “First-Run New Residential Property”) since its implementation in late April 2013; the transaction amount is even higher at 209.33 billion yuan Yuan, a record high in the history of innovation disk.

Enter 2017, declining market before the first dish wash, the first month sales figures have more than one thousand, even by the Lunar New Year impact of the light month, the pace of development of developers did not stop pushing the full-month sales figures have been maintained Thousands went on to beat more than 2 700 by March, the second highest since the implementation of the new master plan, just behind the 3,400 in September 2016.

Billions of new sales have sold out

More than a thousand blocks of market succession appeared one after another, pushing up the sales atmosphere again and again, allowing prospective buyers to queue up long queuing units to reproduce the situation. There is even a metaphor for the event of “returning to 1997” with a sales volume of 10 billion yuan Short selling time is also not very difficult.

The hot sales of the new disk did not slow down slightly until June, dropping to about 700 in the whole month. However, the figure rebounded immediately in July. With the gradual rise in property prices, the buying boom started again and the new disk further became the mainstream of the market. After the publication of the “Policy Address” in October, the property market has become clearer and the public has entered the market. Property prices have risen sharply again.

As of November 11, 2017, the volume of first-hand sales reached 16,700 (after deducting the known orders), surpassing the result of 16,200 in 2016 and setting a new annual high after a new deal was made. The turnover was more broken. Higher than the figure of 209.33 billion yuan, about 12.35% higher than the 1863.2 billion yuan of the entire year of 2016. It hit a new year high in the history of the new disk in Hong Kong.

Centaline Asia Pacific Vice President and Housing Minister Chen Yongjie said the new government did not “increase spicy” or “reduce spicy”, mortgage developers have not been relaxed, but the developers to promote a variety of financial arrangements to attract the public market success , Resulting in a large number of purchasing power transferred to the primary market, creating a primary market continues to dominate the market, turnover exceeded 200 billion yuan record high. In the second half of 2016, the accelerated devaluation of the Renminbi accelerated the inflow of international funds into the prime luxury market in Hong Kong, resulting in the frequent turnover of large-sum transactions. We believe the new trend will continue into 2018.

Midland Realty chief analyst Lau Ka Fai said the new market in 2017 is in line with the three elements of “weather, geography and people”, that is, the combination of the favorable economic fundamentals, the increased primary supply and the desire of the public to enter the market are strong. The new disk deal The amount of new sales in 2018 can be expected to increase again with the expected increase of about 10%. However, due to the fact that the market and mansion may not be up as much as the year 2017, I believe 2018 new hard disk sales breakthrough in 2017 results.

Slower interest rates in the United States turned out to be stable

Under the new hot market, property developers also delivered satisfactory results. The management of the developer generally agreed that the pace of interest rate increase in the United States is slower than expected and has only a limited impact on local property market. Property prices in 2018 are still stable.

Benefiting Markets Looking forward to the policy address, real estate developers are encouraged to develop agricultural land. Real estate stocks have been stirred up for some time. However, the “Policy Address” did not mention accelerating the conversion of agricultural land. All the major banks were disappointed with this. Property developers However, as of November 22, 2017, the share prices of Xindi (00016), Cheung Kong (01113), Hengdi (00012) and New World (00017) still remained at 30%, 37.2% and 50 %, 42.7% increase.

Earlier, the major banks issued a report on the property market policies of the “Policy Address.” According to Citi, the “Policy Address” has had a negative impact on developers. As the previous market had high expectations for the conversion of farmland, the share price of real estate stocks was the first to rise. Still more optimistic about the new world and the new land.

Deutsche Bank said the market had overblown the first home plan, but the “policy address” has disappointed the market, and may be the most affected.

Credit Suisse is optimistic about the New World, mainly because the stock has more catalysts, and optimistic about Cheung Kong, that defensive because investors seem to ignore Cheung Kong in the positive factors. Bank of America Merrill Lynch to maintain the new world, the new world, constant “buy” rating; Goldman Sachs continue to be optimistic about the new land and Cheung Kong; Lyon is the preferred New World.