Ke Holdings Inc. (BEKE, Financial) saw its stock price rise by nearly 6%, reaching $22.19. This follows a 2.9% gain in its Hong Kong shares.
According to Xiangcai Securities, data from Wind showed that, in major cities, the transaction area for new homes was 2.18 million square meters, marking a year-on-year increase of 130% and a month-on-month rise of 139%. This surge was primarily attributed to the delayed recording during the recent holiday period.
For second-hand homes, 13 cities reported a transaction area of 1.62 million square meters, showing a year-on-year increase of 215% and a month-on-month rise of 451%. This rebound is largely due to supportive policies bringing transaction volumes to the highest in nearly five years.
Xiangcai Securities suggests investors focus on leading developers with strong financing and land acquisition capabilities, and well-positioned land reserves, as well as top second-hand housing agencies benefiting from improved stock housing transactions. Similarly, Zheshang Securities notes that second-hand agencies are benefiting from "old-for-new" property exchanges and fundamental recovery.
