Mainland property stocks collectively fell in Hong Kong trading. As of press time, RonshineChina (03301) dropped 5.42% to HK$0.157, CH OVS G OCEANS (00081) declined 5.22% to HK$2.18, R&F PROPERTIES (02777) slid 5% to HK$0.57, and GREENTOWN CHINA (03900) decreased 4.82% to HK$8.3.

Recent data from the National Bureau of Statistics showed that from January to September, national new home sales area reached approximately 658 million square meters, down 5.5% year-on-year, with the decline widening by 0.8 percentage points compared to the January-August period. In terms of sales value, new home sales in the first three quarters totaled about 6.3 trillion yuan, a 7.9% year-on-year drop, with the contraction expanding by 0.6 percentage points.

Additionally, RonshineChina's previously planned domestic debt restructuring proposal, initially expected in October, remains undecided, with potential further extensions for related bonds.

On October 29, Fitch Ratings' Asia-Pacific Corporate Ratings Director, Shi Lulu, noted that China's property market has yet to bottom out, with recovery trends remaining uncertain. Although the market briefly stabilized in Q1 this year, new home sales and prices have trended downward since April, with declines accelerating in June. Secondary home prices also saw widening month-on-month drops, including in first-tier cities. Looking ahead to 2026, property market sales may continue to decline.