Xin Lang Cai Jing·2026-01-29 07:33Core Viewpoint - The Hong Kong real estate sector experienced a significant rebound driven by signals of policy easing and improved transaction volumes in the secondary housing market of core cities [1] Group 1: Market Performance - Major real estate companies such as Sunac China, Longfor Group, and Shimao Group saw stock price increases exceeding 20% [1] - Specific stock performance includes: - Sunac China (01918.HK): +27.18% to 1.310, market cap of 212.13 billion - Longfor Group (03380.HK): +22.39% to 1.640, market cap of 93.241 billion - Shimao Group (00813.HK): +20.77% to 0.250, market cap of 22.932 billion - Other companies like Country Garden and CIFI Holdings also reported double-digit gains [2] Group 2: Policy Changes - Some real estate companies reported that they are no longer required to submit monthly "three red lines" indicators to regulatory authorities, interpreted as a sign of policy easing [2] - The recent policy measures focus on "stabilizing demand and reducing inventory," including extending tax rebates for home purchases until the end of 2027 and lowering the down payment ratio for commercial properties from 50% to 30% [3] Group 3: Market Recovery Indicators - The real estate market is showing signs of recovery, with a reported 8.0% week-on-week increase in secondary housing transactions in 15 key cities as of January 18, 2026 [3] - The transaction volume in the secondary housing market for the week ending January 23 was 171.8 million square meters, reflecting a 5.9% week-on-week increase and a 19.9% year-on-year increase, indicating a sustained recovery trend [6] Group 4: Future Outlook - The combination of relaxed policies and increased transaction activity in core cities is expected to attract renewed investor interest in real estate stocks [7] - The upcoming changes in listing volumes post-Spring Festival will be a critical window for observing supply-demand dynamics in the market [7]