On June 22, Longfor Group fell 5.98% in regular trading, trading at HK$6.51/share, with turnover of HK$87.48 million. The decline extends a multi-session selloff in the Chinese property sector driven by persistently weak fundamentals.

On the news front, the National Bureau of Statistics recently released May real estate data showing the industry remains in a bottoming phase. Nationwide real estate development investment fell 16.2% year-on-year for January-May, while residential investment declined 15.6%. Housing prices across 70 major cities continued their downtrend, with only 16 cities reporting month-on-month gains in new home prices. Institutional analysis noted that while sales collection metrics showed marginal improvement, they remain in double-digit decline territory, and cash flow recovery requires simultaneous improvement in both sales and financing conditions.

Within the Real Estate Development sector, stocks broadly declined. China Resources Land fell 4.3%, China Overseas Development fell 1.92%, Henderson Land fell 1.24%, Sunac fell 2.78%, and CK Asset fell 0.67%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)