房地产行业周报（2024年第32周）：深圳官宣收购商品房用作保障性住房

Investment Rating - The report maintains a "Positive" investment rating for the real estate sector [1] Core Insights - The real estate index increased by 3.26% this week, outperforming the CSI 300 index by 4.82 percentage points, ranking first among 31 sectors [3][7] - The transaction volume of commercial housing in 30 major cities was 1.49 million square meters, down 27.3% month-on-month and 15.2% year-on-year [12] - The report highlights ongoing policy support, particularly in high-capacity cities, which is expected to gradually restore sales [3] Summary by Sections Market Performance - The real estate index rose 3.26%, while the CSI 300 index fell 1.56%, indicating strong sector performance [3][7] - The top five stocks in the sector saw significant gains, with Shijian Holdings up 33.95% [9][10] Sales Overview - In the week of August 2 to August 8, 2024, the commercial housing transaction area in 30 major cities was 1.49 million square meters, with a year-to-date total of 56.85 million square meters, down 34.5% year-on-year [12][15] - The transaction area for second-hand housing in 14 monitored cities was 1.47 million square meters, with a year-to-date total of 5.954 million square meters, up 11.8% year-on-year [15] City-Level Sales Analysis - First-tier cities saw a mixed performance, with Beijing's new housing transactions up 44.9% month-on-month, while Guangzhou's fell by 41.8% [19][20] - In second-tier cities, Dongguan had the highest month-on-month increase at 24.1%, while cities like Hangzhou and Ningbo experienced significant declines [23][24] Inventory and Depletion - In first-tier cities, new housing inventory showed slight increases in Beijing and Guangzhou, while Shanghai's inventory decreased [28][29] - The report notes varying depletion cycles across cities, with Beijing at 22.24 months and Shanghai at 7.68 months [29] Key News Tracking - New regulations in Zhejiang province may increase the usable area of new properties, potentially enhancing the attractiveness of housing investments [34][35] - Initiatives in Hefei and Hangzhou aim to standardize rental management and facilitate housing purchases through public fund withdrawals for down payments [35][36]