Changes in Hong Kong stocks | Some domestic housing stocks rose, China Overseas Development (00688) rose more than 4%, and the real estate industry continued to bottom up and recover in July

The Zhitong Finance App learned that some domestic housing stocks rose. As of press release, China Overseas Development (00688) rose 4.32% to HK$14; Greentown China (03900) rose 3.8% to HK$7.785; China Resources Land (01109) rose 3.06% to HK$35; and China Jinmao (00817) rose 3.11% to HK$1.49.

According to the news, on August 17, the National Bureau of Statistics released data on changes in commercial residential sales prices in 70 large and medium-sized cities for July 2026. Data shows that in July, out of 70 large and medium-sized cities, commercial residential sales prices in first-tier cities generally rose month-on-month, second-tier and third-tier cities declined month-on-month, and the overall year-on-year decline in Tier 1, 2, and 3 cities continued to narrow. Huatai Securities pointed out that real estate data for July showed that the real estate development chain continued to shrink, prices remained slightly adjusted during the off-season, and the Beijing New Deal sent positive signals about the policy. The development of “gold nine silver ten” is worth paying attention to.

Galaxy Securities believes that July is a low season for the property market. The sales scale is greatly affected by seasonality. The quality of land acquisition and promotion by housing enterprises in the early stages is high, the average monthly sales price has increased positively year over year and month over month, and the investment side is still under pressure. The bank believes that the property market is expected to gradually improve in the future, that the real estate market is expected to stabilize, and that the real estate market is expected to gradually achieve stable, healthy and high-quality development.