Mainland real estate and property management stocks rebounded today, $SINO-OCEAN GP (03377.HK)$ rose 7.03%, to HKD 0.198; $CIFI HOLD GP (00884.HK)$rose 4.11%, to HKD 0.228; $CHINA VANKE (02202.HK)$ rose 2.34%, to HKD 3.93; $SHIMAO GROUP (00813.HK)$ Up 2.13%, trading at HKD 0.48; $YUEXIU SERVICES (06626.HK)$ Up 2.85%, trading at HKD 3.25.

On the news front, the National Bureau of Statistics recently released data on the real estate market. From January to August, the year-on-year decline in indicators such as national new home sales area and sales volume, funds to the real estate industry, and new construction area of houses continued to narrow. Among them, the year-on-year decline in national new home sales area has been narrowing for 3 consecutive months, and the year-on-year decline in sales volume has been narrowing for 4 consecutive months; the year-on-year decline in funds to the real estate industry has been narrowing for 5 consecutive months, and the year-on-year decline in new construction area of houses has been narrowing for 6 consecutive months.

Tianfeng Securities stated that in August, the sales amount and area of commodity housing increased slightly month-on-month. Under the influence of traditional high temperatures, demand showed a bottoming trend and demonstrated resilience. The year-on-year decline in cumulative sales continued to narrow, mainly due to the easing of base pressure. Sinolink Securities pointed out that the recent central bank has stated that maintaining price stability and promoting moderate price recovery is an important consideration in grasping monetary policy; it has taken measures to further reduce corporate financing and household credit costs. The exertion of monetary policy and the decrease in housing loan interest rates have positive implications for the real estate market, and they look forward to the decrease in both incremental and existing housing loan interest rates.

Editor/Rocky