GLONGHUI, Oct. 26 | J.P. Morgan Chase published a report saying that in the past month, local real estate stocks outperformed the Hang Seng Index by 3%, mainly because the market expected the Sikang administration report to partially relax property market policies. According to the report, in addition to reducing the ban on additional stamp duty on residences from 3 to 2 years in the new Policy Address, most of the other measures are in line with expectations. Motong believes that these measures may help stabilize market sentiment for the time being, and it would not be surprising if property market transactions and property prices rebound slightly in the short term. However, against the backdrop of high interest rates and a weak stock market, it is reiterated that it is cautious about the Hong Kong real estate industry and maintains the forecast of 5% to 10% property price adjustments over the next six months. In the short term, Motong suggests paired trading, with a new world of long and real and short positions; as well as leading long positions and nine short positions.