Group 1 - The article highlights a collective decline in the stock prices of Chinese property companies, with China Overseas Grand Oceans Group (00081) down 8.48% to HKD 2.05, Greentown China (03900) down 5% to HKD 8.36, New City Development (01030) down 2.31% to HKD 2.11, and Sunac China (01918) down 1.55% to HKD 1.27 [1] - Guosheng Securities reported that the total land acquisition amount for the top 100 real estate companies from January to November reached CNY 847.8 billion, marking a year-on-year increase of 14.1%, although the growth rate has significantly narrowed compared to the first ten months of the year [1] - The report indicates that while the land market in core cities was relatively active in the first half of the year, the enthusiasm for land acquisition among major real estate companies has decreased towards the end of the year due to the fulfillment of inventory replenishment goals and a cooling new housing market [1] Group 2 - According to Credit Lyonnais, the low investment willingness of developers is a major constraint on the real estate sector [1] - Data shows that the new construction area nationwide from January to October 2025 was only 491 million square meters, with commercial property development investment declining by 14.7% year-on-year [1] - Credit Lyonnais believes that stabilizing sales is key to rebuilding industry confidence, and it expects the decline in new construction area to narrow in 2026, with the annual sales of commercial housing expected to decrease by no more than 4% year-on-year [1]
内房股集体下跌 年末房企拿地积极性降低 里昂预计明年整体房价跌幅将收窄至4%