地产板块午后拉升，华夏幸福、光大嘉宝涨停，沙河股份等走高

Core Viewpoint - The real estate sector is experiencing a rally, with several companies reaching their daily price limits, driven by an increase in supply willingness and year-end promotions as firms aim to boost performance in December [1] Group 1: Market Performance - The afternoon saw significant gains in the real estate sector, with companies like Huaxia Happiness, Everbright Jiabao, and Phoenix Holdings hitting their daily limits, while I Love My Home and Shahe Shares rose over 6% [1] - The new housing market is expected to see a surge in activity in December, attributed to traditional year-end performance pushes by real estate firms [1] Group 2: Policy and Market Trends - According to Guojin Securities, the current policy environment is more sustained and effective, with November's real estate market heat continuing, leading to increased transaction volumes in key cities for both new and second-hand homes [1] - The upcoming Central Economic Work Conference and Political Bureau meeting are anticipated to present policy opportunities that could further influence the market [1] Group 3: Investment Recommendations - Recommended investment targets include real estate companies with stable operations and sensitivity to policies, particularly those focused on first-tier and core second-tier cities, such as Greentown China, China Merchants Shekou, and Binjiang Group [1] - Real estate intermediaries like Beike are suggested due to their competitive edge and benefits from policy improvements, while property management firms like China Resources Mixc Life are highlighted for their stable development and strong dividend policies [1] - Attention is advised towards local government receivables in property and construction companies, city investment firms benefiting from local debt, flexible merger and acquisition targets, and undervalued central and state-owned real estate and construction companies [1]