Core Viewpoint - The Hong Kong real estate sector experienced a rebound on November 20, with several major companies seeing significant stock price increases, driven by expectations of supportive government policies aimed at stabilizing the real estate market [2][4]. Group 1: Market Performance - Major real estate stocks such as Sunac China (01918.HK) rose by 6.02%, Vanke (02202.HK) by 3.69%, and Country Garden (02007.HK) by 3.09% [2][3]. - Other companies like China Overseas Grand Oceans Group (00081.HK) and Yuexiu Property (00123.HK) also joined the upward trend, indicating a broader market recovery [2]. Group 2: Policy Catalysts - The recent rally in the real estate market is attributed to rising expectations of new supportive policies from the Chinese government to counteract the sluggish market and prevent further financial instability [4][5]. - The Ministry of Housing and Urban-Rural Development is reportedly considering measures such as interest subsidies for new personal housing loans and increasing tax deductions for mortgage borrowers [5]. Group 3: Market Data and Trends - Current real estate data shows a continued decline, with a reported 18.8% year-on-year drop in national commercial housing sales area for October 2025, and a 24.3% decrease in sales value [6]. - The market is under pressure, with expectations for policy support growing as the sales figures continue to decline [6][7]. Group 4: Future Outlook - Analysts suggest that the combination of policy expectations, consumer recovery, and improvements in the Hong Kong market will catalyze the real estate sector's performance leading up to the end of the year [9]. - The upcoming "Hong Kong 100 Strong" list is anticipated to feature major real estate companies, reflecting their importance in the market [10].