On June 17, Longfor Group fell 3.12% in regular trading, trading at HKD 7.44/share, with turnover of HKD 62.07 million.

The decline extends the broad selloff in property stocks triggered by the National Bureau of Statistics releasing May 70-city housing price data. The data showed housing prices continued their downward trend overall, with only 16 cities seeing new home price increases month-on-month while 51 cities recorded declines. Although tier-one cities showed early signs of stabilization, tier-two and tier-three cities face sustained adjustment pressure, presenting a complex picture of structural divergence.

Within the Real Estate Development sector, stocks declined broadly. Among peers, China Overseas fell 3.07%, China Resources Land fell 1.59%, Radiance Holdings fell 1.68%, CK Asset fell 1.51%, while Sunac was flat. Additionally, multiple Longfor directors reduced holdings on June 5, and short selling accounted for 34.17% of total turnover on June 12, reflecting cautious institutional sentiment toward the stock.

(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.)