Chinese property stocks are under pressure after home prices peaked in 2021, but traders now see a comeback as early signs of recovery emerge in tier-one cities. [1]
New home prices in Beijing, Shanghai and Shenzhen have stabilized or risen slightly, with first-tier city prices up 0.2% month on month in March, ending nine straight months of decline. [1]
Shanghai sold more than 30,000 lived-in homes in March, the highest level in five years, after authorities relaxed purchase thresholds for non-residents. [1]
In Shenzhen, lower housing inventories drew strong buyer turnout for a new project launch, and the crowd grew so tense that security had to step in. [1]
The price gains and stronger sales have also lifted sentiment around big developers. China Vanke and other leading property names still trade well below book value, which suggests investors have already priced in a deep slump. [1]
Ping An Securities analyst Yang Kan said the market has found a base after steep losses. “China’s home prices have had significant corrections from the peak. The property market has found a foundation for halting declines and stabilising. The sector and relevant stocks are now at a historical low and worth investing in over the medium term,” he said. [1]
Investors will watch for more price data and sales figures in the coming weeks to see whether March’s rebound in first-tier cities extends. [1]
