Di Yi Cai Jing·2025-08-07 00:04Group 1 - The core viewpoint is that the foundation for the real estate industry to "stop falling and stabilize" in the medium to long term is being established, but achieving this fully will require time [1] - The expected policy directions for the second half of the year include stabilizing housing price expectations as the first step, effectively activating home buying demand, optimizing land acquisition to reduce inventory, and focusing on funding sources for urban renewal [1] - The industry is optimistic about the recovery pace in core cities represented by first-tier cities, continuing to recommend real estate developers with "good credit, good cities, and good products," as well as leading property management companies with stable dividends and performance, and local Hong Kong real estate stocks benefiting from asset revaluation logic [1]