On Aug. 11, inner housing stocks rose collectively, with Kaisa leading the sector with a rise of more than 10 per cent, hitting an intraday high of HK $4.19 at one point in more than two years. Greentown China rose more than 6%, while China Jinmao, Yuzhou Group and Xuhui holding Group rose more than 3%.

According to Kerry data, the sales performance of real estate companies is not weak in the off-season. In July, the top 100 real estate companies achieved sales of 938.64 billion yuan, an increase of 25.7% over the same period last year. Among them, the sales of mainstream housing enterprises continued to exceed expectations, and the year-on-year growth rate further improved, such as Evergrande, Poly, Xuhui, Jinmao, Jinke and other housing enterprises to achieve year-on-year growth of more than 50%. Kaisa Group's July contract sales rose about 78.3 per cent year-on-year to 9.535 billion yuan, while Greentown China sales rose 66 per cent year-on-year to 12.1 billion yuan.

From January to July, the overall sales performance of housing enterprises increased by 2.7% compared with the same period last year, and the cumulative growth rate became positive for the first time since the beginning of the year. The sales of most real estate enterprises continued to improve significantly compared with the same period last year. For example, the sales of Evergrande, Jinmao, Jindi, Jinke, Longguang and other real estate enterprises increased by more than 20% year-on-year, much better than expected, demonstrating the strong sales resilience of mainstream housing enterprises.

In view of the focus that housing enterprises need to pay attention to in the future, institutions generally believe that "housing speculation" once again reiterated that since July, some cities have increased real estate regulation and control, superimposed the epidemic and other factors, and the safety of cash flow is still the top priority of the current real estate enterprises. Housing enterprises with broad layout, financial stability and high capital market rating are more likely to get high-quality financial support. In the future, real estate enterprises should attach great importance to cash flow safety, strengthen cash flow management, and speed up sales and improve business efficiency as an important supporting force for sound development.

Huachuang Securities said that under COVID-19 's adversity, real estate performance is extremely tenacious and continues to exceed market expectations, and real estate is still the ballast stone of China's economic stability, and the policy is expected to remain stable. taking into account the valuation repair of real estate itself and the internal and external-driven valuation improvement, the valuation of mainstream high-quality real estate enterprises is expected to rise by more than 40%.