Changes in Hong Kong stocks | Domestic housing stocks collectively boosted in the afternoon, the Ministry of Housing and Construction indicates that the market concentration of leading central and state-owned enterprises in the real estate market is expected to increase in the inventory era

The Zhitong Finance App learned that domestic housing stocks rose collectively in the afternoon. As of press release, Vanke Enterprise (02202) rose 7.50% to HK$2.365; Sunac China (01918) rose 6.31% to HK$0.59; Xincheng Development (01030) rose 5.32% to HK$1.485; and Country Garden (02007) rose 4.09% to HK$0.178.

According to the news, Zhang Xuetao, director of the Real Estate Market Supervision Department of the Ministry of Housing and Construction, said at a press conference that currently, there have been “two changes” in the real estate market. One is that the relationship between supply and demand in the real estate market has changed significantly; the other is that real estate has entered the inventory era. The share of second-hand housing transactions has increased from 27% in 2020 to 46% in 2025. It has already reached 52% in the first 8 months of this year, and more than 50% marks the entry into the inventory era. Zhang Xuetao said that looking at it now, sales of existing homes are already the general trend.

Pacific Securities pointed out that the year-on-year decline in sales increased in August, and the decline in real estate investment and construction commencement continued to expand. September is generally the traditional peak sales season. It is expected that housing enterprises will maintain a certain sales scale in core cities, and the real estate market will continue to bottom up and repair in the future. We believe that in the future, we need to pay close attention to the effects of implementing real estate policies in various regions, and focus on opportunities for increased market concentration of leading central state-owned enterprises.