Core Viewpoint - The Chinese real estate stocks are experiencing a decline despite market conditions, with major companies like China Overseas Grand Oceans Group and others showing significant drops in share prices [1] Group 1: Company Performance - China Overseas Grand Oceans Group (00081) fell by 3.21%, trading at HKD 2.41 [1] - Yuan Long Group (03377) decreased by 3.13%, trading at HKD 0.155 [1] - Ronshine China Holdings (03301) dropped by 2.84%, trading at HKD 0.205 [1] - Sunac China Holdings (01918) declined by 1.76%, trading at HKD 1.67 [1] Group 2: Industry Sales Data - From January to September, the total sales of the top 100 real estate companies amounted to CNY 26,065.9 billion, representing a year-on-year decrease of 12.2%, although the decline rate has narrowed by 1.1 percentage points compared to January to August [1] - In September alone, the sales of the top 100 real estate companies increased by 11.9% month-on-month [1] Group 3: Market Outlook - Core cities are continuing to optimize demand-side policies, but the overall market remains under pressure, with most cities showing relatively flat performance [1] - The short-term outlook suggests that policies will maintain a loose tone, focusing on the goal of "stopping the decline and stabilizing" [1] - New housing supply in core cities may see mild improvement, providing some support to the market, but new projects in more cities remain limited, indicating a continuation of market differentiation [1]