HK Stock Market Move | Most internal stocks are rising, LONGFOR GROUP (00960) rose more than 4%, the effect of real estate policies is continuing to show.

In the stock market, most of the real estate stocks are on the rise. As of the time of writing, LONGFOR GROUP (00960) is up 4.14% at HK$10.16, YUEXIU PROPERTY (00123) is up 3.35% at HK$4.93, CHINA RES LAND (01109) is up 3.32% at HK$23.35, and SEAZEN (01030) is up 2.89% at HK$1.78. On the news front, the Director of the National Bureau of Statistics, Kang Yi, stated at a press conference today that since September, the real estate market has shown positive changes. In the fourth quarter, the sales area and sales amount of new commercial housing increased by 0.5% and 1.0% respectively compared to the same period last year, reversing the previous downward trend. Kang Yi mentioned that the comprehensive real estate policies are continuously showing their effects, with the market becoming more active, housing prices gradually stabilizing, and market expectations improving. Ping An Securities pointed out that as the Spring Festival holiday approaches, short-term transactions are expected to become subdued. In the medium term, the peak in terms of volume and price in the current property market has clearly fallen, coupled with the reduction in down payment and interest rates, making the threshold for residents' home ownership significantly improved. Despite the high existing inventory, restrictions on housing prices and income expectations still constrain the performance of the property market, but the bank believes that the market's sharp decline is over. With more high-yield, high-quality products entering the market, there may be some demand shifting from the second-hand housing market to the new housing market, leading to the stabilization of the market for good products. In the short term, attention is focused on the performance after the Spring Festival until March.