CITIC Securities: Promoting policies aims to stem housing downtrend

CITIC Securities Research Report pointed out that sales of commercial housing and second-hand housing will continue to weaken in May, June, and July 2023, which has aroused market attention. We tracked the trend of real estate sales data from different urban areas, housing types, and community property fees. Currently, new house sales are still on the downward path, while second-hand house transactions have gradually stabilized. On the financing side, state-owned real estate companies possess smooth financing channels. Promoted by follow-up policies, the competitive landscape of high-quality companies in the real estate sector is expected to be optimized.