Investment Rating - The report indicates a continued decline in the average price of residential properties in Shanghai, with a current average of 56,439 RMB per square meter, reflecting a month-on-month decrease of 1.2% and a year-on-year decrease of 13.72% [1][3]. Core Insights - The real estate market in Shanghai is experiencing downward pressure, with policies introduced to stimulate market confidence and activity. However, the actual impact on transaction volumes may take time to materialize [4][6]. - The recent policy measures, including the cancellation of mortgage rate floors and adjustments to loan ratios, aim to boost market activity, but the current demand remains insufficient to significantly increase transaction volumes [4][6]. - The overall market trend shows a prolonged decline, with buyers expecting further price drops while sellers are reluctant to lower prices, leading to extended negotiation periods [6][9]. Summary by Sections - **Price Trends**: As of June 2024, the average price of residential properties continues to decline across all districts, with most areas experiencing a drop of 1% to 2% [5][9]. - **Transaction Volumes**: In May 2024, approximately 18,600 second-hand homes were sold, with an estimated 16,000 being stock residential properties. The recent policy changes have led to a slight increase in inquiries and viewings, but actual sales remain low [4][6]. - **Market Dynamics**: The purchasing intent for mid to low-end properties is decreasing, particularly in suburban areas, where even price reductions have not significantly improved sales [6][9].

中指研究院 中国房地产指数系统 端午假期新房销售较去年下降 16%，6 月核心城市有望继续好转 6 月 7 日，国常会强调“着力推动已出台政策措施落地见效，继续研究储备新的去库存、稳市场政 策措施。对于存量房产、土地的消化、盘活等工作既要解放思想、拓宽思路，又要稳妥把握、扎实推进”， 国常会释放出积极信号。从政策效果来看，自5.17新政以来，多个核心城市市场活跃度有所提升，特别 是二手房市场成交开始放量，如上海在5月底以来二手房多日成交超900套，深圳5月二手房成交量同 比增长超四成，但新房整体成交数据回暖尚不明显，政策效果仍需时间兑现。 上周端午假期是5.17新政和6.7国常会后的第一个小长假，从新房市场表现来看，端午假期期间， 房企普遍加大力度去库存，叠加节前政策带动，多数城市售楼处到访量较高，但成交仍低于去年假期， 根据中指数据，今年端午假期期间（6.8~6.10）30个代表城市新房日均销售面积较2023年假期下降约 16%，但较今年五一假期日均成交增长超六成。 图：2019-2024年端午假期30个代表城市新房日均成交面积 90 79.0 80 70 60 56.3 万 50 平 方 40 米 27. ...

Summary of Conference Call Company and Industry - The conference call is organized by GuoXin Automotive, focusing on the automotive industry, particularly on the theme of automotive intelligence and smart technology [1] Core Points and Arguments - GuoXin Automotive has been conducting a series of monthly reports on automotive intelligence since November two years ago, indicating a commitment to providing insights into the evolving landscape of smart automotive technology [1] Other Important but Possibly Overlooked Content - The call emphasizes the importance of investor engagement and the value of sharing insights on industry trends, which may reflect the company's strategy to enhance transparency and build investor confidence [1]

您已成功加入会议单投资风险 华盛顿券不应使用本次内容所导致的任何损失承担任何责任增加发言内容仅代表增加个人观点不代表本公司观点本次会议内容不得涉及国家保密信息内幕信息未公开重大信息商业秘密个人隐私不得涉及可能引发不当炒作或股价异常波动的敏感信息不得涉及影响社会或资本市场稳定的言论 未经华创证券事先书面许可任何机构或个人不得以任何形式复制、刊载、转载、转发引用本次会议内容否则由此造成的一切后果及法律责任由该机构或个人承担本公司保留追究其法律责任的权利市场有风险投资区别一致 今天各位投资者大家早上好,欢迎大家来听一下由我们华创新闻新闻主持人李柱银记者做关键汇报,那我是今天的主持人华创新闻新闻主持人李柱银记者,那首先的话我们回顾一下本周的台湾新闻新闻新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新� 从近5日这样一个标题来看本周的话是考虑到省政指数和开发指数分别是1.25和0.24的标题从近5日的行情来看其实记者方在全国有不少网台的分析 但前三的分别为电磁金工和煤炭但从全联署的维度来看的话呢但开 ...

您已成功加入会议单投资风险 华盛顿券不应使用本次内容所导致的任何损失承担任何责任增加发言内容仅代表增加个人观点不代表本公司观点本次会议内容不得涉及国家保密信息内幕信息未公开重大信息商业秘密个人隐私不得涉及可能引发不当炒作或股价异常波动的敏感信息不得涉及影响社会或资本市场稳定的言论 未经华创证券事先书面许可任何机构或个人不得以任何形式复制、刊载、转载、转发引用本次会议内容否则由此造成的一切后果及法律责任由该机构或个人承担本公司保留追究其法律责任的权利市场有风险投资区别一致 今天各位投资者大家早上好,欢迎大家来听一下由我们华创新闻新闻主持人李柱银记者做关键汇报,那我是今天的主持人华创新闻新闻主持人李柱银记者,那首先的话我们回顾一下本周的台湾新闻新闻新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新闻台湾新� 从近5日这样一个标题来看本周的话是考虑到省政指数和开发指数分别是1.25和0.24的标题从近5日的行情来看其实记者方在全国有不少网台的分析 但前三的分别为电磁金工和煤炭但从全联署的维度来看的话呢但开 ...

本次电话会议仅服务于华创证券研究所客户不构成投资建议相关人员应自主作出投资决策并自行承担投资风险华创证券不应使用本次内容所导致的任何损失承担任何责任专家发言内容仅代表专家个人观点不代表本公司观点 本次会议内容不得涉及国家保密信息、内幕信息、未公开重大信息、商业秘密、个人隐私不得涉及可能引发不当炒作或股价异常波动的敏感信息不得涉及影响社会或资本市场稳定的言论未经华创证券事先书面许可 任何机构或个人不得以任何形式复制、刊载、转载、转发、引用本次会议内容否则,由此造成的一切后果及法律责任由该机构或个人承担本公司保留追究其法律责任的权利市场有风险,投资需谨慎 尊敬的各位投资者大家早上好欢迎大家参加我们华商计算机主持的每周一期的做观点汇报那我是今天的主持华商机总经理那首先的话能够我们回顾一下本周的百七十几百块走势那本周的话的金融基础已经上涨0.43的分点 创业班下跌0.74个百分点上升指数下跌0.07个百分点从近5日这样的一个表现来看那本周的话呢是跑赢了上升指数和创业班指数分别0.5和0.81个百分点从近5日的行情来看计算机的话呢在全行业中掌握了排名第七那前三呢分别为燕斯军工和煤炭 那从全年度维度来看的话呢呃板块调整幅 ...

Investment Rating - The report indicates a significant reduction in land supply in Shanghai, with the second batch of land sales for 2024 concluding with a total transaction amount close to 10 billion yuan and an average premium rate of 6.8% [1][6]. Core Insights - The total land area sold in this batch was 154,900 square meters, marking a new low in both the number and scale of land sales in recent years [3][6]. - The participation of non-local state-owned enterprises, such as Beijing Urban Construction Group, has emerged, indicating a shift in the competitive landscape of land auctions [7]. - The land parcels sold were distributed across four districts: Yangpu, Pudong, Minhang, and Songjiang, with an equal number of parcels inside and outside the outer ring road [8]. Summary by Sections Land Transaction Results - The report provides a detailed table of land transaction results, highlighting the total price, premium rates, and winning bidders for each parcel [2]. Characteristics of the Land Supply - The report notes a significant reduction in land supply, with a 12.9% decrease in residential land compared to 2023, as indicated by the Shanghai Municipal Planning and Natural Resources Bureau [6]. Analysis of Individual Parcels - The report analyzes the quality and competitiveness of individual parcels, with the Pudong New Area parcel being the most sought after, attracting competition from eight real estate companies [9]. - Specific details about the Pudong parcel include a land area of 12,482.25 square meters and a floor price of 100,000 yuan per square meter, highlighting its advantageous location near multiple subway lines and educational institutions [9][10]. - The Songjiang parcel, with a total area of 80,298.6 square meters and a floor price of 63,000 yuan per square meter, is situated in an area that lacks commercial development, which may affect its attractiveness [10][11].

2024 年 4 月上海住宅买卖市场 城市测量师行定期监测上海新建商品住宅和二手住宅市场，并发布《上海住宅买卖市场报告》。该报告 旨在帮助大家了解上海住宅交易市场行情，欢迎持续关注！ 01 01 新房市场冷热不均，成交量价再度下滑 4 月，上海新增商品住宅 市场未能延续3月回暖势头， 供求两端同、环比数据再度滑 坡，跌幅为8%-47%不等。 黄浦、浦东以及徐汇的滨 江区域高端项目表现依旧强 ...

2024 年 4 月上海商办买卖市场 城市测量师行定期监测上海新增商办物业和二手商办物业，并发布《上海商办买卖市场报告》。该报告旨 在帮助大家了解上海商办交易行情，欢迎持续关注！ 01 商办物业新增供应大幅下降，成交面积与上月基本持平 4 月，上海商办物业新 增供应总面积大幅下降，仅为 4 万平方米，环比跌幅达 74%，未能延续上涨势头。 ...

2024 年 1 季度上海商办用地解读 注： 1.本文统计的商办用地未涉及涵盖住宅的综合用地 2.土地成交楼面地价=土地成交总价/土地总规划建筑面积 3.办公自持规划建筑面积：成交商办用地中土地出让合同要求自持的办公规划建筑面积总量 4.办公可售规划建筑面积：成交商办用地中土地出让合同中不需要自持的办公规划建筑面积总量 01 01 商办用地交易情况 2024年第一季度，上海总计供应4幅商办用地，较上一季度减少14幅；供应土地总面积约4.21万平 方米，较上一季度减少 77.63%，同比下跌 22.9%；供应建筑面积总计约 10.32 万平方米，较上一季度减 少71.9%，同比下跌1.38%。 ...