China's Property Transaction Volumes May Notch Growth Next Year -- Market Talk

Dow Jones11-07

0743 GMT - China's property transaction volumes are likely to rise next year for the first time since 2022, CGS International analyst Raymond Cheng says in a note. After visiting six residential projects in southern China's Greater Bay Area, Cheng thinks the Chinese property market has bottomed out in terms of transaction volume. The central government's resolute stance to rescue the property sector should lead to more policy support and faster implementation of that support, he adds. Among property stocks, CGS prefers state-owned property developers including China Resources Land and China Overseas Land & Investment, as well as quality developer Longfor Group. Investors can also consider China Vanke and Greentown among high-beta names, Cheng adds. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

November 07, 2024 02:43 ET (07:43 GMT)

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Among property stocks, CGS prefers state-owned property developers including China Resources Land and China Overseas Land &amp; Investment, as well as quality developer Longfor Group. Investors can also consider China Vanke and Greentown among high-beta names, Cheng adds. 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After visiting six residential ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BZ08YS42.EUR","symbol_name":"GUINNESS BEST OF CHINA \"C\" (EUR) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481928098","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481928098","pubTimestamp":1730965380,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0743 GMT - China's property transaction volumes are likely to rise next year for the first time since 2022, CGS International analyst Raymond Cheng says in a note. After visiting six residential projects in southern China's Greater Bay Area, Cheng thinks the Chinese property market has bottomed out in terms of transaction volume. The central government's resolute stance to rescue the property sector should lead to more policy support and faster implementation of that support, he adds. Among property stocks, CGS prefers state-owned property developers including China Resources Land and China Overseas Land & Investment, as well as quality developer Longfor Group. Investors can also consider China Vanke and Greentown among high-beta names, Cheng adds. 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After visiting six residential projects in southern China's Greater Bay Area, Cheng thinks the Chinese property market has bottomed out in terms of transaction volume. The central government's resolute stance to rescue the property sector should lead to more policy support and faster implementation of that support, he adds. Among property stocks, CGS prefers state-owned property developers including China Resources Land and China Overseas Land & Investment, as well as quality developer Longfor Group. Investors can also consider China Vanke and Greentown among high-beta names, Cheng adds. 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