房地产行业周报：1月一线城市房价环比继续上行

Investment Rating - The report maintains a "Positive" investment rating for the real estate sector [7] Core Insights - The real estate sector is expected to reach a bottom due to the accumulation of various positive factors [6] - New home sales in 44 major cities increased by 21.68% compared to the previous week, while second-hand home sales rose by 8.92% [14] - The average premium rate for land transactions in 36 major cities was 33.5%, a decrease of 26.3% from the previous week [37] Summary by Sections Market Performance - The real estate index underperformed compared to the CSI 300 index, with a relative return of -2.8% [7][10] - The real estate index closed at 2272.96, with a weekly decline of 1.8% [10][13] Policy Developments - The Ministry of Housing and Urban-Rural Development is accelerating the construction of a waiting list for affordable housing [12] - Local policies include the release of land supply lists in Beijing and Shanghai, with a total area of 27 hectares and several residential plots [12][19] Sales Data - New home sales in 44 major cities reached 16,000 units, while second-hand home sales were 18,000 units [14] - Inventory in 18 major cities increased to 863,000 units, with a sales-to-inventory ratio of 20.5 months [22] Land Market Activity - The land market saw increased activity, with 20 plots sold in 36 major cities, and total land transfer fees amounting to 26.549 billion yuan [28] - The number of land plots sold in first-tier and second-tier cities increased compared to the previous week [28] Company Announcements - Several companies, including China Overseas Land & Investment and Hainan Airport, released key operational data for January 2025 [44] - Notable announcements included land acquisition by Binjiang Group and updates on debt restructuring by various firms [44]