1. Banks are shifting their strategy to sell houses, revitalizing existing assets and improving debt recovery rates.
2. The People's Bank of China (PBOC): Improve the basic system of real estate finance to help build a new model for real estate development.
3. Two departments: Urban residents are prohibited from purchasing rural houses and homesteads, and retired cadres are prohibited from occupying land in rural areas to build houses.
4. The PBOC: In September, the interest rates on newly issued corporate loans and personal housing loans decreased by approximately 40 and 25 basis points year-on-year, respectively.
5. Beijing Municipal Commission of Housing and Urban-Rural Development: The 2025 affordable housing construction and fundraising target has been completed.
6. The second batch of affordable housing construction and fundraising plans for 2025 has been issued, and the annual affordable housing construction target has been completed.
7. Vanke received another RMB 1.666 billion loan from its major shareholder; Shenzhen Metro Group has provided a total of RMB 30.796 billion in loans this year.
8. UBS: Potential 50-year mortgages in the US will see lower monthly payments but doubled interest rates.
9. RMB 1.23 billion worth of Country Garden's equity has been frozen.
10. Three residential land parcels in Suzhou were sold at the reserve price for 2.635 billion yuan.
11. Two residential land parcels in Chengdu were successfully sold at auction, generating 1.286 billion yuan in revenue.
