Lates News

CITIC Securities released a research report stating that after 2024, newly acquired land by enterprises will be the main source of profitability for current real estate developers. The current situation of oversupply of new housing and high prices has significantly eased, providing a foundation for the market to stabilize. The bank is optimistic about companies with strong capability to build good houses with sufficient new inventory in areas concentrated in Hangzhou, Shanghai, Chengdu, and other regions. In the field of operational real estate, the bank is bullish on enterprises with outstanding operational capabilities and superior asset portfolios.