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<Research>M Stanley: CN 2nd-hand Home Prices in Major Cities Fall in Dec MoM; Home Sales May Face Downside Pressure in 1Q25
Recommend 22 Positive 35 Negative 17 |
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The policy impact weakened, while the second-hand property prices in major cities of China weakened in December 2024, as expected, showing volatility and MoM decline, after a 2-consecutive-month uptrend, Morgan Stanley released a research report saying. Taking into account the slight increased home listings and seasonality, the stock now forecasted that 1Q25 residential sales in mainland China may face downside pressure. Morgan Stanley suggested investors to selectively invest in companies that will benefit from the residential development and consumption sectors, such as CHINA RES LAND (01109.HK) and CHINA RES MIXC (01209.HK), while it was also optimistic about defensive state-owned real estate companies, such as GREENTOWN CHINA (03900.HK), CHINA OVERSEAS (00688.HK) and YUEXIU PROPERTY (00123.HK). AAStocks Financial News |
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