DBS report states that with the market sentiment returning to rationality, property management stocks will catch up, as the industry's fundamentals are stable, and the dividend yield is attractive. In 2024, the average dividend yield exceeds 4%, with some financially troubled companies having dividend yields as high as 7%, providing a safer alternative in light of policy shifts.

The bank believes that, based on historical data, in the past three speculated policy shifts, property management stocks initially performed worse than developer stocks, but this trend reversed within three months.

In addition, the bank points out that the state-owned enterprise China Res Mixc (01209.HK) remains the bank's top pick due to its balanced growth and dividend prospects. As for financially troubled Wing On Services (01995.HK), the dividend yield is also attractive.