Huatai Securities pointed out that according to Xinhuanet, on February 2, the acquisition of second-hand housing for affordable rental housing in Shanghai actually began, accurately meeting the rental needs of new citizens, young people, university graduates, and various talents. The Shanghai pilot program takes into account the dual-track system of removing inventory, controlling growth, stabilizing demand, and “product+guarantee”. It is expected to stabilize second-hand housing price expectations by reducing second-hand housing supply, unblock and improve the replacement chain, thereby strengthening industry confidence. Huatai Securities believes that Shanghai, as a first-tier city, is representative of active promotion of the collection and storage of second-hand housing, injecting new momentum into the real estate market stock elimination and industry transformation. I am optimistic about the investment opportunities of the “three best” housing enterprises, excellent commercial operators, Hong Kong-funded real estate companies, and high-dividend property management companies.

Huatai Securities pointed out that according to Xinhuanet, on February 2, the acquisition of second-hand housing for affordable rental housing in Shanghai actually began, accurately meeting the rental needs of new citizens, young people, university graduates, and various talents. The Shanghai pilot program takes into account the dual-track system of removing inventory, controlling growth, stabilizing demand, and “product+guarantee”. It is expected to stabilize second-hand housing price expectations by reducing second-hand housing supply, unblock and improve the replacement chain, thereby strengthening industry confidence. Huatai Securities believes that Shanghai, as a first-tier city, is representative of active promotion of the collection and storage of second-hand housing, injecting new momentum into the real estate market stock elimination and industry transformation. I am optimistic about the investment opportunities of the “three best” housing enterprises, excellent commercial operators, Hong Kong-funded real estate companies, and high-dividend property management companies.