The Zhitong Finance App learned that some domestic housing stocks broke out in the afternoon. As of press release, Shimao Group (00813) rose 45.59% to HK$0.099; Xuhui Holding Group (00884) rose 24.24% to HK$0.041; R&F Real Estate (02777) rose 15.91% to HK$0.255; and Agile Group (03383) rose 10.3% to HK$0.182.

According to the news, during the 11th National Day holiday this year, due to favorable policies, property market performance picked up. According to data from the Beijing Municipal Housing and Construction Commission, from October 1 to 7, 1008 new housing units were sold in Beijing, up 161.1% year on year and 40.8% month on month. According to local housing and construction commissions, the number of new housing units sold in Hangzhou, Nanjing, and Wuhan was 86, 587, and 783, respectively, up 196.6%, 325.4%, and 59.5% year-on-year.

J.P. Morgan Chase released a research report saying that the preliminary sales data for the mainland housing market during the National Day Golden Week is encouraging. Real-time second-hand transactions in 26 cities increased 59% year over year, the number of properties viewed in 44 cities increased 16% year over year, and the number of new home subscriptions increased 15% year over year. This is not surprising. Since the first week after the mortgage subsidy policy came into effect on October 1, it was an immediate reaction after the implementation of the national policy. The real issue was sustainability one to two months later.

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