智通财经网·2025-08-12 02:15Group 1 - The core viewpoint of the article indicates a significant decline in total sales in July 2025, with a drop of 38.1% from June, resulting in a total of 229.4 billion RMB [1] - The sales figures for 20 major listed developers tracked by the company showed a 40.2% month-on-month decrease in July, attributed to seasonal factors, with average sales price and sales area decreasing by 21.4% and 21.8% respectively [1] - The Central Political Bureau meeting emphasized maintaining policy continuity and stability, suggesting that there is still room for more policy support, particularly in areas such as urban village and dilapidated housing renovation, "good housing" construction, optimizing land supply, and strengthening financial support [1] Group 2 - According to the National Bureau of Statistics, the new commodity residential price index for 70 large and medium-sized cities fell by 3.7% year-on-year and 0.3% month-on-month in June, while the second-hand commodity residential price index decreased by 6.1% year-on-year and 0.6% month-on-month [1] - The company anticipates that demand in the secondary market will continue to improve and outperform the primary market [1] - The company maintains a positive long-term outlook on China Resources Land (01109) and Yuexiu Property (00123), both rated as "buy," due to their strong sales performance and execution capabilities in recent years [1]