Standard & Poor's: Mainland real estate has bottomed out, expecting a surge in second-hand sales to drive overall real estate market stabilization.
The rating agency Standard & Poor's believes that the Mainland property market has already bottomed out.
Rating agency Standard & Poor's believes that the mainland property market has already hit bottom, with a sharp increase in sales in the second-hand property market expected to help stabilize the overall property market in the second half of the year.
Standard & Poor's report stated that although the growth in property transactions is leaning towards the second-hand market, it does not provide much help to real estate developers. However, they believe that this situation is a precursor to an improvement in market sentiment, which should eventually an increase in first-hand sales and an improvement in credit indicators for rated property developers.
Standard & Poor's estimates that the total sales of the mainland property market this year will reach RMB 17 trillion, similar to last year. Among them, sales in the first-hand market will decrease from RMB 9.7 trillion last year to RMB 8-8.5 trillion.
However, Standard & Poor's has warned that if the effects of the policies introduced in September last year weaken and there are no new follow-up measures, the property market may not be able to recover. Additionally, if another domestic real estate company defaults, it may affect the market sentiment before the property market actually recovers.
Related Articles

Goldman Sachs: Target price for Fuyao Glass Industry Group (03606) set at 73 Hong Kong dollars, maintains "buy" rating.

HK Stock Market Move | ILUVATAR COREX (09903) rose more than 6% in the morning. ILUVATAR COREX fully supports Tencent's Hy3 preview open source landing.

HK Stock Market Move | Shenzhen Han's CNC Technology (03200) rose by over 4% as the outlook for the PCB industry remains strong. The company is expected to benefit from the expansion of top PCB factories.
Goldman Sachs: Target price for Fuyao Glass Industry Group (03606) set at 73 Hong Kong dollars, maintains "buy" rating.

HK Stock Market Move | ILUVATAR COREX (09903) rose more than 6% in the morning. ILUVATAR COREX fully supports Tencent's Hy3 preview open source landing.

HK Stock Market Move | Shenzhen Han's CNC Technology (03200) rose by over 4% as the outlook for the PCB industry remains strong. The company is expected to benefit from the expansion of top PCB factories.

RECOMMEND

The Great Transformation Of The Hong Kong Automotive Market
23/04/2026

Another “Elephant” Dances As China Construction Bank Hits A Record High While The Sector Remains Below Book Value, With Several Names Offering Elevated Dividend Yields
23/04/2026

Major Oil Traders Warn One Billion Barrel Shortfall Is Locked In, Hormuz Closure Could Trigger Recession
23/04/2026


