Zhi Tong Cai Jing·2025-11-10 08:01Core Viewpoint - The Chinese real estate stocks have shown signs of recovery, with significant increases in share prices for several companies, despite ongoing challenges in the market [1] Group 1: Market Performance - As of the latest report, Greentown China (03900) rose by 8.36% to HKD 8.94, R&F Properties (02777) increased by 5.66% to HKD 0.56, New World Development (01030) gained 4.04% to HKD 2.32, and Shimao Group (00813) climbed 3.85% to HKD 0.27 [1] - According to CRIC, the top 100 real estate companies achieved a sales turnover of CNY 253 billion in October 2025, reflecting a month-on-month increase of 0.1% but a year-on-year decrease of 41.9% [1] Group 2: Sales Performance - Cumulatively, the top 100 real estate companies reported a sales turnover of CNY 25,766.6 billion, which represents a year-on-year decline of 16%, with the rate of decline widening by 4.2 percentage points compared to the first nine months of the year [1] Group 3: Market Outlook - Morgan Stanley suggests that the large number of second-hand homes on the market may continue to suppress market sentiment, exerting pressure on real estate sales and prices for the remainder of the year [1] - CITIC Securities reports that the supply and demand situation in the real estate market has improved, indicating that adjustments have been sufficient, and forecasts a potential stabilization in the market in 2026 [1] - CITIC Securities also believes that 2026 could be a critical year for real estate companies to repair their balance sheets, with some firms possibly reaching a long-term profitability bottom [1]