HK Stock Market Move | Inner-suburb stocks collectively rise, highlighting the effectiveness of real estate support policies. The year-on-year sales decline in October has significantly narrowed.

In terms of internal housing stocks, as of the time of writing, R&F PROPERTIES (02777) rose by 7.47% to HK$1.87; CHINA VANKE (02202) rose by 4.69% to HK$6.69; SUNAC (01918) rose by 3.46% to HK$2.69; SHIMAO GROUP (00813) rose by 3.31% to HK$1.25. On the news front, the National Bureau of Statistics recently released the basic situation of the national real estate market from January to October, with sales, financing, and other indicators showing improvement. From January to October, the cumulative sales area of commercial housing in the country was 779.30 million square meters, a year-on-year decrease of 15.8%, narrowing by 1.3 percentage points compared to September, and the sales area in October was 76.46 million square meters, a year-on-year decrease of 1.9%, significantly narrowing by 10.1 percentage points from the previous month. From January to October, the cumulative sales amount of commercial housing in the country was 768.55 billion yuan, a year-on-year decrease of 20.9%, narrowing by 1.8% compared to September, and the sales amount in October was 797.50 billion yuan, a year-on-year decrease of 1%, significantly narrowing by 15.3 percentage points from the previous month. Pacific Securities believes that the significant narrowing of the year-on-year decrease in the sales area and amount of commercial housing in October is mainly due to the adjustment of control policies in many places since the end of September, the increase in buyer confidence, the traditional peak season of real estate sales in "Golden September and Silver October", and the increased efforts of real estate companies in promoting listings. The bank pointed out that the recent implementation of real estate tax support policies by the Ministry of Finance can reduce the cost of purchasing a home and help enhance corporate investment confidence. In addition, the Ministry of Natural Resources has issued relevant documents on land acquisition and storage, providing specific guidance strategies for government land acquisition, and policies such as government purchase of existing housing and old-for-new are continuing to advance, with the effects of these policies awaiting further observation.