Mainland property stocks showed signs of recovery during early trading. At the time of writing, CIFI HOLD GP (00884) rose 5.8% to HK$0.073; SUNAC (01918) increased 5.45% to HK$1.16; COUNTRY GARDEN (02007) gained 3.28% to HK$0.315; and CHINA VANKE (02202) advanced 1.48% to HK$3.43.

Recent data from Shenzhen Shell Research Institute indicated that in February, the number of second-hand housing listings at its partner agencies fell 3.3% compared to the same period last year. Meanwhile, the Chongqing Housing and Urban-Rural Development Commission reported that sales volume of commercial housing increased 7.27% year-on-year, with transaction prices rising 0.3%. High-quality housing accounted for 28% of total transaction area.

According to an Oriental Securities research report, although post-holiday transaction activity has cooled and the Two Sessions did not deliver beyond-expectation property policy statements, forward-looking indicators suggest a high probability of a spring market rebound this year. With potential policy expectations around April's Politburo meeting, the logic of policy speculation and fundamental improvements remains difficult to disprove in the short term. The report maintains a positive outlook, suggesting the sector's short-term momentum may continue.