China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

KE (BEKE): New Home Decline Narrowed, The Top Agent Needed by Landlords and Developers

[KE Holdings Inc. (BEKE US, BUY, TP US$25) TP Change]: C3Q24 Review: C4Q24 Rebound but What’s Next?

Andy Fu

Thematic (Sector/Industry)

China Real estate management and development / Thematic (Sector/Industry)

<ul>
<li>After 40 months of consecutive MoM decline, China's real estate market is on the brink of a somewhat sustained recovery, with particularly, pricing improvement in November;</li>
<li>Pricing is important because it entices buyers back to the market. Before that, transaction volumes have already seen meaningful rebound and the rebound has spread from existing to new homes;</li>
<li>We maintain our view that China had a moderate property bubble in the tradable housing sector but not the overall housing sector. Long term growth potential is still bright.</li>
</ul>


After 40 months of consecutive MoM decline, China's real estate market is on the brink of a somewhat sustained recovery, with particularly, pricing improvement in November;
Pricing is important because it entices buyers back to the market. Before that, transaction volumes have already seen meaningful rebound and the rebound has spread from existing to new homes;
We maintain our view that China had a moderate property bubble in the tradable housing sector but not the overall housing sector. Long term growth potential is still bright.


Shenzhen Overseas Chinese (A) (000069 CH)

China's Real Estate Market Showed Beyond-Record Rebound in Year End...Will It Carry to 2025?