0846 GMT - China's property sector could experience a potential sentiment upswing in 2H 2025 following additional policy efforts expected in 1Q, DBS says in a research note. DBS anticipates the upcoming policy approach to be measured and adaptive, rather than a once-and-for-all intervention seen in previous downturns. The measures are unlikely to be large-scale or dramatic but will instead reflect a continuous effort, DBS notes. While skepticisms from the market may persist in the near term, the bank believes that "investors will progressively become convinced of the policy turn" as more supportive measures are introduced in 1Q and 2Q. DBS prefers developers with larger and well-located active landbanks, which are better positioned to capture the emerging replacement-led demand. Its top picks are Yuexiu Property and China Resources Land. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
December 13, 2024 03:46 ET (08:46 GMT)
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