房地产日报：南京拟允许房票跨区安置

Investment Rating - The industry investment rating is Neutral, indicating that the expected overall return in the next six months will be between -5% and 5% compared to the CSI 300 index [13]. Core Insights - The report highlights that the real estate market is experiencing a downward trend, with the Shanghai Composite Index and Shenzhen Component Index both declining by 0.23% and 0.17% respectively on March 12, 2025. The Shenwan Real Estate Index fell by 0.45% [4]. - Recent developments include Nanjing's proposal to allow housing vouchers to be used for cross-district purchases, which aims to incentivize urban renewal and improve housing accessibility [7]. - The report notes that major real estate companies are showing signs of recovery, with a year-on-year increase in sales for the top 100 real estate firms in February [4]. Market Performance - The top five performing stocks in the real estate sector include Binjiang Group, Huali Family, Sunshine Shares, Zhongzhou Holdings, and Electronic City, with respective gains of 3.43%, 2.16%, 1.89%, 1.80%, and 1.78%. Conversely, the worst performers were Wanye Enterprises, Huafa Shares, China Wuyi, Hualian Holdings, and Hefei Urban Construction, with declines of -5.13%, -3.15%, -2.75%, -2.66%, and -2.12% [5]. Industry News - Far East Horizon, in collaboration with state-owned enterprises, successfully acquired a core plot in Suzhou High-speed Railway New City for 535.34 million yuan, with a floor price of 15,828 yuan per square meter and a premium rate of 5.52% [6]. - The report also mentions that the Guangzhou Yuexiu Group plans to issue bonds totaling up to 2 billion yuan, aimed at refinancing existing debts [10].