On September 25, CHINA RES LAND fell 3.03% in regular trading, trading at HKD 28.2/share, with turnover of HKD 131 million.

On the news front, market rumors previously circulated that a nationwide mortgage interest subsidy policy would be announced before the National Day holiday, potentially pushing first-home mortgage rates down to 2%. This speculation had driven a broad rally in property stocks earlier in the week. However, multiple brokerage analysts have since expressed skepticism, stating that a nationwide subsidy policy is unlikely to materialize. One analyst noted that extending loan tenors at the national level achieves a similar interest reduction effect.

Adding to bearish sentiment, Citi warned that the full rollout of a ready-built home sales system could cause new home transaction volumes and new construction starts to decline by 30% over the next two years, with developer profits potentially contracting 8% to 17%. Meanwhile, JPMorgan recently reduced its stake in CHINA RES LAND by approximately 8.66 million shares at an average price of HKD 28.67, lowering its long position ratio to 4.9%.

Within the Real Estate Development sector, stocks broadly declined. CK ASSET fell 1.3%, CHINA OVERSEAS fell 3.82%, HENDERSON LAND fell 1.29%, LONGFOR GROUP fell 5.22%, and SUNAC fell 6.15%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)