Group 1 - The core viewpoint indicates that certain Chinese property stocks have seen significant gains, with notable increases in share prices for companies like Agile Group (up 8%) and Shimao Group (up 6.7%) [1] - Recent market attention towards the real estate sector has increased, with a notable rise in second-hand housing transactions in key cities, suggesting a potential recovery despite previous low sales expectations for early 2026 [1] - Poly Developments has released an earnings forecast, alleviating some pressure on the sector's performance, indicating that the traditional real estate market has limited downward space [1] Group 2 - Guosen Securities notes a significant decline in the real estate fundamentals by Q4 2025, but a stabilization in housing prices has been observed, with an improved outlook for early 2026 [2] - The probability of housing prices stopping their decline has increased from "impossible" to "possible," with further improvements expected if the market does not revert to "price for volume" strategies post-Spring Festival [2] - The adjustment in real estate stocks by December 2025 has been substantial, leading to a more optimistic outlook for the sector [2]