Group 1: Policy Changes - Chengdu has announced the cancellation of housing sales restrictions and adjustments to housing provident fund loan rules to support residents' housing needs and promote market stability [1] - From July 21, 2024, properties purchased before October 14, 2024, can be traded after obtaining property certificates, and from January 1, 2026, second-hand housing certificates obtained before October 14, 2024, will have no transfer restrictions [1] - The minimum down payment ratio for housing provident fund loans has been reduced from 30% to 20%, with a mechanism linking loan amounts to deposit balances to increase loan limits [1] Group 2: Market Activity - In Shenzhen, 1,256 second-hand homes were recorded in the week of July 14-20, 2025, representing a 4.9% decrease compared to the previous week [2] - The real estate industry saw a total of 81 merger and acquisition transactions in the first half of 2025, an increase of 2 transactions compared to the same period in 2024 [5] - The total transaction scale of disclosed M&A deals was approximately 29.1 billion, reflecting a 58% year-on-year decline [5] Group 3: Company Developments - Xiangyu Real Estate Group has initiated the issuance of company bonds amounting to 11.5 billion, with a registered scale not exceeding 13.4 billion [3] - The bonds will have a term of 3 years, with a fixed interest rate in the range of 2.2% to 3% [3] - R&F Properties has been listed as a dishonest executor by the Guangzhou Baiyun District Court due to violations of property reporting regulations [4]
楼市早餐荟 | 成都取消住房限售政策；象屿地产发行11.5亿元公司债券