HK Stock Market Move | Inland property stocks generally fell, AGILE GROUP (03383) dropped more than 5%, SHIMAO GROUP (00813) dropped more than 4%.

Real estate stocks generally fell back, as of the time of writing, AGILE GROUP (03383) fell 6.06% to HKD 0.31; SHIMAO GROUP (00813) fell 4.17% to HKD 0.207; SUNAC (01918) fell 2.96% to HKD 1.31; R&F PROPERTIES (02777) fell 1.56% to HKD 0.63. On the news front, in the afternoon of December 10th, real estate stocks suddenly surged, with the leader China Vanke Co.,Ltd. hitting the daily limit up, while Hong Kong-listed Vanke surged over 17% at one point. It is worth noting that the discussion on interest subsidy policies for home loans has significantly increased in the market recently. According to Huaxia Times, Yan Yuejin, deputy director of the Shanghai E-House Real Estate Research Institute, stated that some cities have already implemented interest subsidy policies for home loans, which can help reduce the pressure on homebuyers, but it is important to consider who is providing the subsidy, whether it is the banks or the government. However, if the subsidy policy can be implemented, it may indeed stimulate potential homebuying demand. Huachuang Securities recently pointed out in a research report the importance of finding real estate alpha. Three key issues in the current real estate market still need to be addressed: a decline in the central demand for new homes; unsolved inventory issues; and the drag of land finance on the economy, which has a negative impact on real estate. It is expected that the sales volume and price of real estate may still face downward pressure in 2026, making it especially important to find alpha in the market.