Core Viewpoint - The article highlights a significant decline in the real estate market in China, with major property stocks experiencing notable drops amid falling housing prices in major cities [1] Group 1: Stock Performance - New World Development (01030) fell by 3.86%, trading at HKD 2.24 [1] - Ronshine China (03301) decreased by 3.64%, trading at HKD 0.159 [1] - Greentown China (03900) dropped by 3.57%, trading at HKD 8.91 [1] - Sunac China (01918) declined by 2.22%, trading at HKD 1.32 [1] Group 2: Housing Price Trends - The National Bureau of Statistics reported a 0.5% month-on-month decline in new home prices across 70 major cities, marking the largest drop since October of the previous year [1] - Second-hand home prices also saw a month-on-month decrease of 0.7% [1] - China Merchants Bank Securities noted that this is the first instance of continuous declines in second-hand home prices across all cities, although the declines in first and second-tier cities have not worsened [1] Group 3: Market Sentiment and Policy Outlook - HSBC's report indicates a cooling sentiment in the real estate market, entering a policy vacuum period [1] - Following a brief recovery, negative trends are emerging, particularly in the high-end residential market, suggesting that government efforts to improve housing quality and demand may not be sufficient to stabilize the new housing market [1] - The bank believes that in a context of low policy expectations, any policy news could be perceived as positive [1]
内房股午后跌幅扩大 70城房价环比跌幅扩大 汇丰称内房进入政策空窗期