---
title: "Market Insight | Yuexiu Property's morning trading surged by over 4%, the company considers selling Guangzhou Grandview Mall, planning to exchange 12 billion yuan worth of land vouchers in the near future"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/214014430.md"
description: "YUEXIU PROPERTY rose more than 4% in the morning session. As of the time of publication, it has increased by 3.61% to HKD 4.02, with a turnover of HKD 161.641 million. The company is considering a potential transaction for the Guangzhou Trade Center and has already reclaimed two plots of land, amounting to over 12 billion yuan, in exchange for equivalent notes. Bank of America Securities believes that this move can reduce risks and shift to more favorable land positions. The sales of first-hand houses in Guangzhou have cooled down, and future land supply may decrease. It is expected that the market will steadily recover under destocking and loose policies"
datetime: "2024-09-11T02:16:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/214014430.md)
  - [en](https://longbridge.com/en/news/214014430.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/214014430.md)
---

# Market Insight | Yuexiu Property's morning trading surged by over 4%, the company considers selling Guangzhou Grandview Mall, planning to exchange 12 billion yuan worth of land vouchers in the near future

According to the Wise Finance APP, Yuexiu Property (00123) surged over 4% in the morning session, with a 3.61% increase as of the time of publication, reaching HKD 4.02 with a turnover of HKD 161.641 million.

On the news front, Yuexiu Property announced that the company has been considering potential beneficial solutions and opportunities for the group, including potential transactions involving the ownership of office space and parking lots in the Grandview Mall in Tianhe District, Guangzhou. In addition, Yuexiu Property has had two land parcels in Guangzhou requisitioned and taken back, amounting to over 12 billion yuan. It is reported that Yuexiu Property did not receive cash in exchange but instead received equivalent notes, which can be used to pay for future land parcels that meet the conditions in the Guangzhou land market.

Bank of America Securities released a research report stating that returning the two land parcels in Guangzhou to the government could allow Yuexiu Property to redirect funds to better-located land while reducing the risks of high inventory and sales. Furthermore, Yuexiu Property still holds nearly 40% of its land reserves in Guangzhou and 15-20% in other first-tier cities. After a cooling trend in new home sales in Guangzhou since June, with a 33% month-on-month decline in July and a further 7.5% decline in August, coupled with only four land parcels sold in Guangzhou in the first half of 2024, future land supply may further decrease. Bank of America predicts that the Guangzhou real estate market will steadily recover under destocking and loose policies

### Related Stocks

- [00123.HK](https://longbridge.com/en/quote/00123.HK.md)

## Related News & Research

- [Yuexiu Property to Issue CNY1.6 Billion Green Notes for Debt Refinancing](https://longbridge.com/en/news/287133848.md)
- [TECHNICALS-New York coffee may extend loss into $2.4685-$2.5025 range](https://longbridge.com/en/news/288690099.md)
- [Labour accused of ‘undermining UK’ by buying cheap Chinese steel](https://longbridge.com/en/news/288949983.md)
- [Wheat Closes with Mixed Trade on Friday](https://longbridge.com/en/news/288913936.md)
- [TECHNICALS-CBOT corn may extend loss to $4.16](https://longbridge.com/en/news/288817791.md)