太平洋房地产日报：厦门多家银行首套房贷利率下调5bp

Investment Rating - The industry rating is optimistic, expecting overall returns to exceed the CSI 300 index by more than 5% in the next six months [10]. Core Insights - The real estate sector is experiencing mixed performance, with the Shenwan Real Estate Index rising by 1.75% on May 19, 2025, while the Shenzhen Component Index and CSI 300 both declined [3][4]. - Recent adjustments in mortgage rates have been noted, with Xiamen banks raising the lower limit for first-home loan rates by 5 basis points, increasing the rate from 3.10% to 3.15% [5]. - The report highlights significant individual stock performances, with top gainers including Airport Holdings and Shahe Shares, which saw increases of 10.01% and 10.00% respectively [4]. Summary by Sections Market Conditions - As of May 19, 2025, the equity market shows varied performance across sectors, with the Shenwan Real Estate Index increasing by 1.75% [3]. Individual Stock Performance - The top five gainers in the real estate sector are Airport Holdings (10.01%), Shahe Shares (10.00%), Huayuan Real Estate (9.94%), Haitai Development (9.91%), and Electronics City (9.90%) [4]. - The largest decliners include Gree Real Estate (-2.85%), Hainan Expressway (-0.96%), and Waigaoqiao B Shares (-0.13%) [4]. Industry News - Greentown Management won a bid for a construction project in Nantong, with the land area being approximately 49,490.92 square meters and a floor price of 10,253 CNY per square meter [5]. - The report notes that multiple banks in Xiamen have adjusted their first-home loan rates, reflecting a broader trend in mortgage rate adjustments across various cities [5]. Company Announcements - China Vanke announced interest payments for its bond "21 Vanke 04" on May 20, 2025, with a remaining balance of 566 million CNY and a coupon rate of 3.70% [8]. - Financial Street Holdings announced a financial assistance provision of 1.738 billion CNY to Tianjin Fudi Real Estate Development Co., with a five-year loan term and no interest charged [8].