HK Stock Market Move | Inner housing stocks fell again with SUNAC (01918) dropping more than 7%. Sales of commercial housing in August are in a weak position.

Inner-room stocks fell again, as of the time of publication, SUNAC (01918) fell by 7.18% to HK$1.68; SINO-OCEAN GP (03377) fell by 6.32% to HK$0.163; ZHONGLIANG HLDG (02772) fell by 3.57% to HK$0.081; SHIMAO GROUP (00813) fell by 2.47% to HK$0.495. On the news front, the National Bureau of Statistics recently released data on commodity housing investment and sales from January to August 2025. From January to August, the national sales area of commodity housing was 573 million square meters, a year-on-year decrease of 4.7%, with the sales area of commodity residential buildings decreasing by 4.7% year-on-year; the sales of commodity housing from January to August amounted to 5.50 trillion yuan, a decrease of 7.3% year-on-year, with the sales of commodity residential buildings decreasing by 7.0% year-on-year. In August 2025, the national sales area and amount of commodity housing decreased by 10.6% and 14.0% respectively year-on-year. Open source securities pointed out that since the second quarter, the monthly year-on-year sales decline has basically shown a trend of expansion month by month, with weak supply and demand in the housing market in July and August affected by high temperatures. The bank believes that in September, the pace of housing enterprises' push plate and promotion intensity are expected to increase, and the expectation of improvement in transaction in "Golden September" is strengthened. In addition, SUNAC announced matters related to the restructuring of the company's overseas debt. At the creditors' meeting held on September 15, 2025, the High Court instructed that a meeting of the plan creditors will be convened to consider and, if appropriate, approve the plan arrangements made by the company with the plan creditors (whether or not amended). The plan meeting is scheduled to be held on October 14, 2025 at 11:00 am (Hong Kong time), unless any adjournment is announced at the plan meeting; and on November 5, 2025 at 10:00 am (Hong Kong time), a substantive hearing will be held in the High Court to determine whether to approve the plan.