Group 1 - The overall performance of Chinese property stocks has declined, with notable drops in companies such as China Overseas Grand Oceans Group (down 8.48% to HKD 2.05), Greentown China (down 5% to HKD 8.36), New City Development (down 2.31% to HKD 2.11), and Sunac China (down 1.55% to HKD 1.27) [1] - According to Guosheng Securities, the total land acquisition amount for the top 100 real estate companies from January to November reached CNY 847.8 billion, representing a year-on-year increase of 14.1%, although the growth rate has significantly narrowed compared to the previous month [1] - The land market in core cities showed relative heat in the first half of the year, driven by structural transactions, but the enthusiasm for land acquisition among major real estate companies has decreased as they met their replenishment targets and the new housing market cooled further in the second half of the year [1] Group 2 - According to Credit Lyonnais, the low investment willingness of developers is a major constraint on the real estate sector [1] - Data indicates that the newly started construction area nationwide from January to October 2025 was only 491 million square meters, with commercial property development investment declining by 14.7% year-on-year [1] - Credit Lyonnais believes that stabilizing sales is key to rebuilding industry confidence, and it expects the decline in newly started construction area to narrow in 2026, with the annual sales of commercial housing expected to decrease by no more than 4% year-on-year [1]
港股异动 | 内房股集体下跌 年末房企拿地积极性降低 里昂预计明年整体房价跌幅将收窄至4%