On November 6, Grontech reported that Morgan Stanley's research report pointed out that the second-hand housing prices in the mainland rose slightly month-on-month in October, mainly benefiting from policy relaxation and seasonal factors. It is believed that the reduction of new projects and recent positive sales growth may sustain the fourth quarter property prices, but caution should be exercised as sustainability under the easing policy impact. The bank pointed out that with the recovery of investor confidence, industry valuations rebounded to historical average levels, and believes that the key to maintaining strong performance is the continued sales numbers. They continue to advise investors to choose beneficiaries in both the property market and consumer sectors, such as China Resources Land and China Resources Mixc, as well as state-owned property developers, including Greentown China, China Overseas, and Yuexiu Property, saying that they may outperform the market due to their potential strong sales.