HK Stock Market Move | The stock prices of real estate companies in the internal market fell in the final trading session, with the total sales of the top 100 real estate enterprises in January dropping by 16.5%. Institutions say that the sustainability of market recovery is yet to be verified.

In the stock market, the real estate sector fell in the afternoon session. As of the time of writing, RONSHINECHINA (03301) fell by 13.89% to HK$0.31, R&F PROPERTIES (02777) fell by 6.99% to HK$1.33, SUNAC (01918) fell by 7.39% to HK$1.88, and SEAZEN (01030) fell by 2.15% to HK$1.82. On the news front, recently, listed real estate companies have successively released their sales reports for January 2025. Compared to the same period last year, a decline in sales is quite common. According to statistics from the China Index Research Institute, in January 2025, the total sales of the top 100 real estate companies amounted to 235.03 billion yuan, down 16.5% year-on-year. The institution pointed out that in January, only 5 real estate companies had sales exceeding 10 billion yuan, which is a decrease of two compared to the same period last year. Bank of China International believes that in January and February, influenced by the Spring Festival holiday and traditional off-season, real estate transaction data weakened as expected. Whether the market recovery since the fourth quarter of 2024 continues into this year still needs further verification. The Two Sessions may be an important point for fundamental and policy observations. The consolidation of the previous market recovery rally depends on the potential arrival of a new round of city-specific easing policies for the real estate sector, as well as the progress of monetizing old housing reform.