Some Mainland Real Estate stocks are rising against the trend, as of the time of reporting,$SUNAC (01918.HK)$increasing by over 2%;$RONSHINECHINA (03301.HK)$increasing by 1.41%;$SEAZEN (01030.HK)$increasing by 0.52%; $CHINA RES LAND (01109.HK)$ Up 0.57%.

On the news front, the National Bureau of Statistics released data this morning indicating that in March 2025, the housing market's transaction activity increased, with more cities seeing rises in Commodity Residence sales prices compared to the previous month among the 70 large and medium-sized cities; the sales prices of Commodity Residences in first-tier cities rose month-on-month, while the overall decline in second and third-tier cities narrowed; the year-on-year decline across all city tiers continued to shrink. Sinolink recently pointed out that considering the recent increase in tariff impacts, the necessity for internal demand stimulation policies continues to rise. Some cities have begun research and preparation work on real estate policies, expecting that real estate may become an important lever for stimulating policies. Additionally, cities with strong de-stocking rates in March reflect that strong product capability is key to sustaining market enthusiasm, and real estate companies with strong product capabilities are likely to stand out.

Editor/danial