Changes in Hong Kong stocks | Domestic housing stocks continue to rise, Goldman Sachs raises the rate of decline in property prices and predicts that Citi says domestic housing may usher in rising waves

The Zhitong Finance App learned that domestic housing stocks continued to rise. As of press release, Sunac China (01918) rose 3.64% to HK$0.57; Xuhui Holdings (00884) rose 2.7% to HK$0.038; and Xincheng Development (01030) rose 2.07% to HK$1.48.

According to the news, data previously released by the National Bureau of Statistics shows that the real estate market experienced positive changes in many areas in the first half of the year: housing prices in first-tier cities rose sequentially for 4 consecutive months, transactions in the second-hand housing market were active, and the area for sale of commercial housing declined for 4 consecutive months. Goldman Sachs raised its forecast for this year's property price decline as sales continued to recover in June and sales prices beat expectations.

Citi released a research report saying that due to the resilience of transactions in core cities and the low base effect, developers will step up sales of new listings in September. In addition, it is expected that a major conference to be held at the end of July will release signals of support, such as measures such as home purchases and trade-ins with provident funds or further relaxation, it is believed that industry sales growth is expected to stabilize from July to September. The bank believes that the domestic housing industry is ready for the rise from August to October.