Di Yi Cai Jing·2025-12-31 00:12Core Viewpoint - Recent policies, including the new VAT policy and the Ministry of Housing and Urban-Rural Development's meeting, align with the central government's focus on stabilizing the real estate market, aiming to enhance market stability and reshape competitive dynamics in the industry [1] Group 1: Policy Implications - The new VAT policy and related government meetings are part of a broader strategy to stabilize the real estate market as outlined in the Central Economic Work Conference [1] - The unblocking of transaction chains is expected to create momentum for market stability [1] Group 2: Investment Recommendations - Recommended investments include real estate stocks characterized by "good credit, good cities, and good products" [1] - Companies that can maintain cash flow through operational capabilities during market adjustments are highlighted as potential investment opportunities [1] - Local Hong Kong real estate firms are expected to benefit from the recovery of the Hong Kong market [1] - Property management companies with stable cash flow and dividend advantages are also recommended for investment [1]