According to the Finance and Economics APP, mainland real estate stocks fell again, as of the time of publication, C&D Intl Group (01908) fell by 3.64%, to HK$12.7; Yuexiu Property (00123) fell by 2.8%, to HK$5.55; Seazen (01030) fell by 2.51%, to HK$1.94; R&F Properties (02777) fell by 1.27%, to HK$1.56.

On the news front, data from the China Index Research Institute shows that from January to November, the total sales of the top 100 real estate companies amounted to 3,851.6 billion yuan, a year-on-year decrease of 32.9%, a decrease of 1.8 percentage points narrower than the previous month. In November alone, the sales of the top 100 real estate companies decreased by 9.46% year-on-year and by 18.62% month-on-month. According to Ke Rui, in November, the TOP100 real estate companies achieved a sales turnover of 363.35 billion yuan, a month-on-month decrease of 16.6%, still an increase of 44.3% compared to September; a decrease of 6.9% year-on-year, with a lower year-on-year performance decrease than the same period in previous years.

Sinolink Securities stated that although there was a year-on-year positive turnaround for October post-new policies, it turned negative again in November. However, the year-on-year decline in November has significantly narrowed compared to the single-month year-on-year decline of over -20% before the new policies. HTSC mentioned that with the gradual diminishing effect of the new policies, the peak in new home sales is falling, but is still higher by 33% compared to September. The bank believes that December is traditionally a month for real estate companies to strive for performance, and the willingness of real estate companies to supply will strengthen. Combined with the fact that some real estate companies may conduct year-end promotions to boost their performance, it is expected that the new housing market may see a wave of peak-season gains in December.