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<Research>BofAS: CN Property Mkt Remains Stable w/ Cautious Optimism for Key Mar Selling Season
Recommend 12 Positive 20 Negative 12 |
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According to a report from BofA Securities, the Chinese real estate market continued to stabilize with a strong rebound seen in the land market in January and a 26% YoY increase in sales revenue. In addition, prices of second-hand homes in Tier 1 cities remained largely stable in January, and the recent second-hand home transaction volume has surpassed pre-Chinese New Year levels. The market maintains cautious optimism with the key March selling season approaching. BofA Securities preferred CHINA RES LAND (01109.HK) and CHINA OVERSEAS (00688.HK). In terms of small-cap stocks, it favored YUEXIU PROPERTY (00123.HK). AAStocks Financial News |
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