The Zhitong Finance App learned that domestic housing stocks were under collective pressure. As of press release, Shimao Group (00813) fell 8.89% to HK$0.041; Sunac China (01918) fell 6.06% to HK$0.465; and R&F Real Estate (02777) fell 5.42% to HK$0.192.

According to the news, according to Bank of China International, in the 43rd week (October 17 to October 23), the transaction area of new homes in 47 cities was 2.468 million square meters, down 14.9% from the previous month, down 34.8% from the previous year, and 10.7 percentage points higher than the 42nd week. The bank believes that overall, expectations improved slightly after the intensive introduction of the “golden nine silver ten” traditional peak season policy, which led to a restoration of housing prices in 70 cities in September. However, the bank believes that current short-term data changes are not enough to form a definitive trend, and it is still necessary to closely track subsequent market volume and price performance.

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