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[today's property market] Hangzhou issued a notice to promote the healthy development of real estate * Shenzhen second-hand housing market "fever" * Dongguan issued "725" purchase restrictions
Sep 4,2020 09:48CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM9 March 4: [Hangzhou issues notice on further promoting the stable and healthy Development of the Real Estate Market] the Office of the Hangzhou Real Estate leading Group issued a "notice on further promoting the stable and healthy Development of the Real Estate Market": it is clear that parents settle in this city in the way that their parents rely on their adult children. It takes at least 3 years to purchase newly built commercial housing and second-hand housing within the scope of purchase restrictions in this city as independent home buyers. "check the details."

[Shenzhen second-hand housing market "fever": August transactions fell more than 15% month-on-month regulation and control effect] after Shenzhen's "715 New deal", the property market transaction data in August have been released, the transaction volume of new houses has increased, the volume and prices of second-hand houses have fallen, and the regulation and control effect of the second-hand market has initially emerged. According to the Shenzhen Real Estate Information platform, 4076 first-hand homes were signed in August in Shenzhen, up 17% from the previous month, reaching a new high in nearly half a year. Among the transactions in the past year, August is second only to December last year. Second-hand housing is much more deserted. According to the statistics of Shenzhen Real Estate Information platform, 11322 second-hand residential units were transferred in August, down 15.6% from the previous month. "check the details."

[Dongguan promulgated the detailed rules of the "725" policy on restrictions on purchase and transfer, etc.) recently, the Dongguan Municipal Bureau of Housing and Urban-Rural Construction and other departments jointly issued the Circular on further implementing the Policy of restricting the purchase and transfer of Commercial Housing. The content involves the identification of the on-the-way transaction of second-hand commercial housing, the policy of restricting the purchase of commercial housing, the policy of restricting the transfer of commercial housing, the consequences of the authenticity of the materials provided by the buyers, and the sale of commercial housing before the expiration of the time limit for the transfer of commercial housing. "check the details.

[Yuexiu Real Estate sales increased by 51.65 billion in August compared with the same month last year.] Yuexiu Real Estate Co., Ltd. announced that from January to August 2020, the company's cumulative contract sales were about 51.657 billion yuan, an increase of about 17 percent over the same period last year. The cumulative contract sales area is about 2.089 million square meters, up about 3% from the same period last year. The cumulative contract sales amount accounts for 64% of the contract sales target of 80.2 billion yuan in 2020. In August 2020, the amount of contract sales realized by the company (together with the contract sales of the joint venture project) was about 7.657 billion yuan, an increase of about 132% over the same period last year, and the contract sales area was about 307100 square meters, an increase of about 69% over the same period last year. "check the details.

[Zhengrong Real Estate plans to issue $350 million of 7.35% preferred notes maturing in 2025] on Sept. 4, Zhengrong Real Estate Group Co., Ltd. announced that it plans to issue a $350 million preferred note with an annual interest rate of 7.35% due in 2025. The note will bear interest at 7.35% per annum from September 11, 2020, including that date. Unless redeemed in advance in accordance with the relevant terms, the note will mature on February 5, 2025. Zhengrong Real Estate said it intends to use the net proceeds from the bill issue to repay the existing debt. The company may adjust its plans in the light of changing market conditions and redistribute the use of the net proceeds.

[China Jinmao's cumulative sales in August increased by 34.74% compared with the same period last year.] on Sept. 4, China Jinmao Holdings Group Co., Ltd. released unaudited sales figures for August 2020. In August 2020, China Jinmao and its subsidiaries signed sales of 21.52 billion yuan, an increase of 39.2 percent over the same period last year, and contracted sales of about 1.01103 million square meters of construction area, an increase of 40.44 percent over the same period last year. In the eight months ended August 31, 2020, China Jinmao had signed sales totaling 145.82 billion yuan, an increase of 34.74 percent over the same period last year, and a total sales area of about 7.6899 million square meters, an increase of 57.18 percent over the same period last year.

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