房地产行业跟踪周报：新房及二手房成交同比上涨，多地政策持续向好

Investment Rating - The report maintains an "Accumulate" rating for the real estate sector [1] Core Views - The new housing market shows a year-on-year increase in transaction volume, while the second-hand housing market has also seen significant growth. Various policies continue to be implemented to support the real estate sector [1][3] Summary by Sections 1. Sector Views - The current policy environment recognizes the necessity of a stable and healthy real estate market for economic transformation. The report suggests that the "stop falling and stabilize" policy can be seen as a turning point in the current cycle. Recommended companies include China Resources Land, Poly Developments, and Binjiang Group, with a focus on Green Town China [23][24] 2. Real Estate Fundamentals and High-Frequency Data 2.1. Housing Market Situation - In the last week, new housing sales decreased by 11.1% month-on-month but increased by 53.5% year-on-year. The cumulative transaction area for new homes in 37 cities was 3.453 million square meters, with a year-to-date total of 108.427 million square meters, down 23.6% year-on-year [31][39] 2.2. Land Market Situation - From December 2 to December 6, 2024, the number of land supplies in 100 cities was 765, a decrease of 42.7% month-on-month but an increase of 23.6% year-on-year. The cumulative land supply for 2024 reached 30,487 plots, down 3.0% year-on-year, with a total area of 165,751 million square meters, down 16.4% year-on-year [56] 5. Investment Recommendations - For real estate development, recommended companies include China Resources Land, Poly Developments, and Binjiang Group, with a focus on Green Town China. In property management, recommended companies are China Resources Vientiane Life, Green Town Services, Poly Property, and Yuexiu Services. For real estate brokerage, the report recommends Beike and suggests paying attention to Wo Ai Wo Jia [3][24]