Core Viewpoint - The performance of Chinese property stocks continues to decline, with major companies experiencing significant drops in share prices amid ongoing market adjustments and policy changes [1] Group 1: Company Performance - New World Development (01030) shares fell by 5.04%, trading at HKD 2.45 [1] - China Overseas Land & Investment (00081) shares decreased by 4.15%, trading at HKD 2.31 [1] - Sunac China (01918) shares dropped by 1.82%, trading at HKD 1.62 [1] Group 2: Market Data - From January to September, the total sales of the top 100 property companies reached CNY 26,065.9 billion, representing a year-on-year decline of 12.2%, although the decline rate narrowed by 1.1 percentage points compared to January to August [1] - In September alone, the sales of the top 100 property companies increased by 11.9% month-on-month [1] Group 3: Market Outlook - Core cities are continuing to optimize demand-side policies, but overall market performance remains subdued outside these areas, indicating ongoing adjustment pressures [1] - According to Guotai Junan Securities, the fourth quarter will enter a high base period, and the need for stability remains evident amid policy logic [1] - Everbright Securities predicts that by 2025, with the implementation of previous real estate policies, local governments will gain more autonomy in market regulation, leading to further regional and urban differentiation, with some high-capacity core cities likely benefiting from urban renewal [1]
港股异动 | 内房股继续走低 新城发展(01030)跌超5% 中国海外宏洋集团(00081)跌超4%