Changes in Hong Kong stocks | Domestic housing stocks continue to rebound recently, housing prices in first-tier cities have risen for 4 consecutive months, and real estate market expectations have improved

The Zhitong Finance App learned that domestic housing stocks continued their recent rebound. As of press release, Rongxin China (03301) rose 8.16% to HK$0.053; Yuexiu Real Estate (00123) rose 4.56% to HK$3.67; Xincheng Development (01030) rose 4.35% to HK$1.44; and Vanke Enterprise (02202) rose 2.56% to HK$2.4.

According to the news, Mao Shengyong, deputy director of the National Bureau of Statistics, explained at the press conference of the Information Office of the State Council on the 15th that there were some positive changes in the real estate market in the first half of the year, which were reflected in four aspects: first, commercial residential sales prices in first-tier cities rose for 4 consecutive months, second, the area of commercial housing for sale across the country declined for 4 consecutive months, third, second-hand housing transactions were active, and fourth, real estate market expectations had improved.

The data shows that since March, sales prices of newly built commercial homes and second-hand homes in first-tier cities have all been rising for 4 consecutive months. In March-June, sales prices of newly built commercial residential homes in first-tier cities increased by 0.1% to 0.2% month-on-month. Second-hand housing increased between 0.3 percent and 0.4 percent. The overall decline in commercial residential sales prices in second- and third-tier cities has narrowed. Furthermore, at the end of June, the area of commercial housing for sale across the country fell 0.9% year on year, an increase of 0.5 percentage points over the previous month. This is also the fourth consecutive month of decline.