Frequent Policy Support Drives Real Estate Sector to Rise
Real estate stocks saw a resurgence in gains on May 7, with Seazen Holdings leading the way by reaching the daily limit. Nanguo Real Estate achieved “6 consecutive boards” while other companies like Poly Development, China Merchants Shekou, Binjiang Group, and New Huangpu also experienced positive growth.
“The intensive introduction of property market support policies in many places has brought new vitality to the real estate market, further optimized real estate policies, and met residents’ housing needs,” stated Bai Wenxi, vice chairman of the China Enterprise Capital Alliance.
Optimization of property market policies has been a key focus in various regions. Wuhan and Shenzhen recently issued notices to enhance measures that promote stable and healthy development in the real estate market. These policies include introducing new transaction models, adjusting loan standards, and facilitating second-hand housing transactions.
Chen Sheng, president of the China Real Estate Data Research Institute, highlighted that recent policy introductions reflect expectations for real estate stability. Many cities have been implementing measures such as removing home purchase qualifications, optimizing housing purchase restriction policies, and initiating “trade-in” activities for commercial housing.
The effects of these policies have been evident as the real estate sector has continued to strengthen since April 29. Nanguo Real Estate, in particular, has seen significant growth, turning losses into profits year-on-year. Cao Zhe, chief investment officer of Ivan Zhiluo, attributed the company’s stock price surge to positive industry news and compelling financial performance.
Sheng Laiyun, deputy director of the National Bureau of Statistics, emphasized that despite ongoing market adjustments, the support measures for real estate development have been effective. Data indicates that the real estate market has been performing well, with various companies achieving significant sales volumes.
As the effects of policy support continue to show, the real estate market is expected to see further improvement. During the recent May Day holiday, new housing projects saw increased visits and sales activity in key cities. However, experts caution that while the surge in the real estate sector is promising, investors should remain cautious and consider potential risks.
The information in this article is sourced from Securities Daily and authored by Li Wanchenxi. It is important to note that this content is for informational purposes only and does not constitute investment advice. Readers are advised to make investment decisions carefully and at their own risk.
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Vilnius region became the richest in the Baltic countries: “Impressive Vilnius leap”
It is also interesting that in 2022 the nominal gross domestic product (GDP) of the Vilnius region per capita has caught up with the European Union (EU) average, so to see how average Europeans live, it is enough to go to Vilnius,” the economist explained on Facebook.
It is said that Kaunas, which is fast catching up with Riga, is not inferior to Vilnius. According to Ž. Mauric, in 2015 the gap between Riga and Kaunas reached 30 percent, and in 2022 – already only 19 percent.
“Most other regions of Lithuania also showed rapid growth, but the gap between Vilnius and other regions of Lithuania remains considerable. The relatively greater weight of less prosperous regions in Lithuania explains why Estonia, which is essentially a one-city state,” he taught.
It should also be borne in mind that 60% of the energy is produced in the Tallinn region (Harju County). 69% of Estonia’s GDP is generated in the Riga region. Latvia’s GDP, and in the Vilnius region – just 44 percent. Lithuania’s GDP (69% of Latvia’s GDP is created in the Riga region).
Estonia’s GDP per capita is higher than Lithuania’s. Estonia’s GDP per capita in 2022 reached 76 percent EU average, and Lithuania – 67 percent, despite the fact that the Vilnius region’s indicator reached 100 percent. EU average, and Tallinn – 99 percent.
At that time, the Latgale region of Latvia remains the poorest region in the Baltic States, and the gap between Latgale and other Baltic regions continues to increase.
“This is a considerable challenge for Latvia (and not only) – especially considering the increased confrontation between East and West and the fact that Latvians (46%) do not constitute the majority of the population in this region (in the largest city of Latgale, Daugpils, Latvians constitute only 21% of the population, and the majority of the population consists of Russians and Belarusians).
During my bicycle trip along the eastern border of the Baltic States, I noticed that in other towns of Latgale (e.g. Kraslava, Ludza, Dagda) the Russian language prevails in the public space, and it is Russian, not English, that is the “lingua franca” in a large part of Latgale ( the Latvian/Latgalian language is widely used in the northern part of Latgale, English is also widely used there)” – the economist gave an example.
It is mentioned that the poor use of Latvian and English languages distances this region not only economically, but also in terms of value from the European Union, while the low level of economic progress and the widespread use of the Russian language create more favorable conditions for the authoritarian regimes that have taken over Russia and Belarus to influence the people of this region.
As the economist compares, in Estonia’s Narva region (Ida Viruma), Estonians make up an even smaller share (18%) of the population than Latvians in Latgale (46%), but this region is almost twice as rich as Latgale (and four times as much as Russia).
According to Ž. Mauric, this reduces the desire of the region’s residents to admire the regimes of Russia and Belarus.
Vilnius region became the richest in the Baltic countries: “Impressive Vilnius leap”
Iron Prices in Egypt Today: Stable Prices Before Market Transactions on May 7, 2024
As a result of the survey of citizens who want to build, as well as contracting companies, iron prices today, Tuesday, May 7, 2024, saw a remarkable stability before the beginning of market transactions, after an increase. Price of a ton of iron Yesterday, the price of a tonne of cast iron increased by 417 pounds, according to the local price portal of the Council of Ministers.
The iron and cement markets have been changing a lot in recent days, as iron has a good strategic position in many industries, especially in the construction industry, which has considered a vital indicator of economic activity.
The price of a ton of Ezz Steel today recorded 41,611 pounds per ton.
Iron prices in Egypt today, Tuesday, May 7, 2024
- Deposit ironToday’s record was 40,066 pounds per ton.
- An iron porterIt reached 39,000 pounds per ton.
- Iron MaadiIt reached 38,000 pounds per ton.
- Iron Ferryman: It reached 41,000 pounds per ton.
- Attia ironIt reached 38,500 pounds per ton.
- Bianco ironRecord: 37,500 pounds per ton.
- Iron with teaIt reached 41,000 pounds per ton.
- Komi iron: It reached 37,500 pounds per ton.
- Egyptian ironIt reached 41,000 pounds per ton.
This stability comes after a period of significant fluctuations in iron prices, and raises many questions about the future of this vital sector in the Egyptian economy.
Stability in iron ore prices remains critical to the continued growth of the Egyptian economy and the achievement of comprehensive urban development, and with the government’s commitment to providing the right environment for trade and investment, greater stability and growth in the real estate market.
2024-05-07 09:22:11
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Iron Prices in Egypt Today: Stable Prices Before Market Transactions on May 7, 2024