HK Stock Market Move | The stock of domestic real estate companies rise again. The transaction volume of the real estate market in first-tier cities continues to heat up. High-quality real estate companies are expected to undergo value reassessment.

Inner housing stocks rose again, as of the writing, R&F Properties (02777) rose 3.7% to 0.42 Hong Kong dollars; China Vanke (02202) rose 3.42% to 3.33 Hong Kong dollars; China Resources Land (01109) rose 2.86% to 39.5 Hong Kong dollars; Longfor Group (00960) rose 2.72% to 10.19 Hong Kong dollars. In terms of news, according to the E-homes Research Institute, since May 2026, the structural recovery of the national real estate market has become clearer. Data shows that during the recent May Day holiday, the transaction volume of second-hand residential properties in key cities nationwide increased by more than 20% year-on-year, with some key cities seeing an increase of over 50% year-on-year. In April this year, Shanghai's second-hand housing (including commercial) cumulative signed volume reached 28,742 sets, an increase of about 22.3% year-on-year, the highest monthly transaction volume in April in nearly ten years; Beijing's second-hand residential signed volume was 17,893 sets, a year-on-year increase of about 15%, reaching a new high in April in nearly five years; Guangzhou's second-hand housing transaction volume increased by 4.8% year-on-year; while Shenzhen's second-hand housing transaction volume increased by 11.3% month-on-month. After the Central Political Bureau meeting on April 29 proposed to "make efforts to stabilize the real estate market", many regions have introduced related policies to stabilize the property market using the provident fund policy as the main driver. Soochow believes that high-quality real estate companies with stable credit, core urban resources, product strength, and operational capability have more advantages in financing, land acquisition, turnover, and cash flow management, and their operating quality and profitability are expected to be repaired first. The bank is optimistic about leading real estate companies with high-quality asset reserves, commercial operation cash flow support, and diversified growth capabilities, seizing the value reassessment opportunities under the optimization of the industry structure.