Broker: China Property Policy Framework Set, Core Cities Stabilizing

Bullish · $1908.HK · $1109.HK · $002244.SZ · $BEKE · $000560.SZ

What Happened

Huayuan Real Estate published a weekly note stating that core city transaction volumes are improving and the sector is bottoming out, with new policy details on pre-sale conditions and mortgage interest subsidies being more lenient than expected.

Bottom Line

The broker maintains a bullish view on China property stocks, recommending quality developers and second-hand housing agencies as core city fundamentals improve.

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