Property stocks broadly declined during trading. As of press time, ZHONGLIANG HLDG (02772) fell 5.26% to HK$0.072; CH OVS G OCEANS (00081) dropped 3.67% to HK$2.36; SEAZEN (01030) declined 3.56% to HK$2.44; and AGILE GROUP (03383) decreased 2.22% to HK$0.44.

On the news front, recent data disclosed by CRIC shows that in the first eight months of 2025, the top 100 property developers achieved cumulative contracted sales of RMB 2.07 trillion, down 13.1% year-on-year, with the decline widening by 0.6 percentage points compared to the first seven months. Specifically, August contracted sales reached RMB 207.04 billion, falling 1.9% month-on-month and 17.6% year-on-year.

Guosheng Securities noted that the real estate market continued its adjustment trend in August, with sales amounts of top 100 developers continuing to decline month-on-month. The monthly sales decline narrowed due to a lower base in the previous year, while the cumulative year-on-year decline further expanded.

China Post Securities believes that following the optimization of home purchase policies outside Beijing's Fifth Ring Road, similar policy optimizations outside Shanghai's Outer Ring Road were also implemented last week. With the traditional peak season approaching in the next two months, the firm expects market activity to improve.