Mainland real estate stocks advanced notably in Hong Kong trading. At the time of writing, Country Garden (02007) rose 6.45% to HK$0.33, C&D International Group (01908) climbed 5.59% to HK$15.67, CIFI HOLD GP (00884) increased 4.82% to HK$0.087, and LONGFOR GROUP (00960) gained 4.49% to HK$10.23.

A research report from Tianfeng Securities indicated that due to the Spring Festival holiday, both supply and demand in the property market entered a traditional off-season, with transaction area for commercial housing in 30 major cities declining seasonally. Before the holiday, local legislative meetings in January outlined policies to stabilize the property market, with many regions explicitly stating they would focus on stabilizing real estate markets and promoting urban renewal through efforts to stabilize the market and optimize existing housing stock. Post-holiday, key focuses will be the pace of recovery in property sales in late February and the policy direction for real estate set during the National People's Congress in early March.

BOC International believes the real estate sector still faces certain pressures. Currently, preventing risks in the property market and related areas remains the top priority, and ongoing market declines coupled with spreading pessimism may push authorities to introduce supportive policies sooner. Looking at the full year of 2026, the property sector is seen as having relatively good potential for returns, and it is recommended to monitor and allocate to the sector this year. In terms of timing, two inflection points may emerge: a policy-driven inflection point around the end of the first quarter and a fundamentals-driven inflection point around the fourth quarter.