Zhichun Finance APP reported that KE Holdings-W (02423) has dropped over 4%, currently down 4.02% at HKD 51.35, with a trading volume of 22.647 million HKD.

Orient pointed out that the new policy effects in October and November were significant. Now entering December, looking at the new housing market, the Volume of new houses in 44 cities nationwide in week 49 dropped by 15% month-on-month to 0.03 million units, but still above the weekly average Volume of the previous two months. From the second-hand market perspective, the Volume of second-hand houses in 21 cities nationwide in week 49 increased by 33% month-on-month, significantly higher than the weekly average in October and November.

Soochow pointed out that in the short term, homebuyers lack confidence in the delivery and quality of new houses, and housing demand is shifting to the 'visible and tangible' second-hand houses. With changes in the supply-demand structure, the second-hand housing market is expected to accommodate more rigid demand and improved rigid demand. In the context of the industry showing signs of warming, it is advised to pay attention to leading companies in China's housing Trade and service platforms, as well as regional leading real estate intermediaries, recommending KE Holdings.