According to the Zhitong Finance APP, mainland real estate stocks collectively fell, as of the time of publication, Sunac (01918) fell by 8.05%, trading at 2.4 Hong Kong dollars; RonshineChina (03301) fell by 7.53%, trading at 0.43 Hong Kong dollars; Zhongliang Hldg (02772) fell by 6.2%, trading at 0.121 Hong Kong dollars; Shimao Group (00813) fell by 5.93%, trading at 1.11 Hong Kong dollars.

Guosen Securities pointed out that with the effects of demand-side policies showing in late September, both sales volume and price indicators have marginally improved, but development investment has not yet turned around. The future interpretation of the real estate sector will depend on the progress of policy implementation such as existing land reclamation and urban village expansion, as well as the sustainability of the real estate market in terms of volume and price repair. Sinolink Securities stated that entering the traditional off-season in November, the enthusiasm of real estate developers for listings is steadily declining. The bank believes that with the weakening of policy stimulus effects, the decline in new housing supply, reduced marketing activities of real estate developers, and other factors may impose certain constraints on the growth of new home sales in November.

Morgan Stanley's recent research report stated that the housing tax reduction measures basically meet market expectations and may provide slight help to real estate sales in the short term. The bank believes that although the measures may reduce costs for both buyers and sellers, they still cannot reverse residents' cautious view on property prices. Along with residents' reduced willingness to increase leverage, the bank believes that the above-mentioned tax incentives may slightly help internal real estate sales, but are unlikely to support a sustained recovery.