news flash·2025-04-11 02:40Core Viewpoint - The report from CMB International indicates a significant recovery in the real estate market, with expectations for continued improvement in both secondary and primary markets, particularly favoring state-owned enterprises like China Resources Land and Yuexiu Property [1] Group 1: Market Performance - According to preliminary data from CRIC, the total sales of the top 100 developers are expected to increase by 73.9% month-on-month to 344.5 billion RMB before March 2025 [1] - Sales of 23 major listed developers in March saw a month-on-month increase of 67.6%, with most developers experiencing a narrowing of declines compared to the same period last year [1] Group 2: Policy and Market Outlook - The focus of policies has shifted from short-term market rescue to the establishment of long-term mechanisms, suggesting a more stable market environment moving forward [1] - The "Silver Four" market is anticipated to continue its recovery, with sustained improvement in secondary market demand and stability in the primary market [1] Group 3: Investment Recommendations - Buyers are expected to continue favoring state-owned enterprise projects, with a positive outlook on China Resources Land (01109.HK) and Yuexiu Property (00123.HK), both rated as "buy" [1]