房地产行业新房二手房周报：财政部多措并举支持收储，推动房地产止跌回稳

Investment Rating - The report maintains a positive outlook on the real estate industry, indicating a recommendation for companies such as Poly Developments, China Merchants Shekou, and others [3][34]. Core Insights - The report highlights that the Ministry of Finance is implementing multiple measures to support the stabilization of the real estate market, including the use of special bonds for land reserves and optimizing tax policies [2][3]. - The overall transaction area for new and second-hand homes in 12 tracked cities reached 3.295 million square meters, showing a year-on-year increase of 5.6% for the week [2]. - However, from early October 2024, the overall transaction area has decreased by 39.3% month-on-month and 13.1% year-on-year, with a cumulative year-on-year decline of 19.1% since the beginning of the year [2][3]. Summary by Sections Market Overview - The report notes that the transaction area for new and second-hand homes has shown significant fluctuations, with a year-on-year decline in various city tiers: first-tier cities down by 5.4%, second-tier cities down by 22.4%, and third-fourth tier cities down by 21.8% [2]. Policy Changes - Specific cities are implementing tailored policies: Hangzhou has removed price limits on new residential land, while Qingdao has increased the maximum public housing loan limit to 1.5 million yuan [2][3]. Company Announcements - Poly Developments reported a signed area of 13.4962 million square meters for the first nine months of 2024, down 29.66% year-on-year, with a signed amount of 241.686 billion yuan, also down 27.89% [3]. - China Merchants Shekou's signed sales area for the same period was 6.4244 million square meters, down 29.99%, with a signed sales amount of 145.171 billion yuan, down 35.85% [3]. Investment Recommendations - The report suggests that the core cities are expected to stabilize first, with a recommendation to invest in companies like Poly Developments, China Merchants Shekou, and others [3][34].