On June 1, China Resources Land (CR Land) rose 3.11% in regular trading, trading at 36.22 HKD/share, with trading volume of 486 million HKD. The rally extends gains following the State Council's release of the Urban Renewal 15th Five-Year Plan on May 28, which triggered a broad real estate sector rally.

The landmark policy shifts urban development from traditional demolition-rebuilding toward systematic urban renewal, with quantified targets including 500,000 units of dilapidated housing renovation, 4,000 urban village redevelopments, and 115,000 old residential community upgrades during the plan period. Multiple institutions estimate the total urban renewal market at 15-20 trillion RMB. The policy particularly benefits developers with strong operational capabilities in high-tier cities, as future land replenishment will increasingly rely on existing asset restructuring and district-level comprehensive renewal.

CR Land is well-positioned as it recently topped the 2026 Real Estate Listed Companies comprehensive strength ranking and led the Jan-May land acquisition chart with 290 billion RMB. Its management highlighted that the 3+1 integrated business model supports near-term performance, with H1 contract sales of 110.3 billion RMB ranking among the industry's top three.

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