Greentown China (03900) saw its stock price soar 9.33% in intraday trading, leading a broader recovery among Hong Kong-listed mainland property stocks. Other notable gainers in the sector included R&F Properties (02777) up 5.66%, SEAZEN (01030) climbing 4.04%, and SHIMAO GROUP (00813) rising 3.85%.

The rebound comes despite mixed signals from recent market data. According to CRIC, China's top 100 developers reported contracted sales of 253 billion yuan in October 2025, showing a marginal 0.1% month-on-month increase but a significant 41.9% year-on-year decline. Cumulative sales for the year reached 2.58 trillion yuan, down 16% compared to the previous year, with the contraction widening by 4.2 percentage points from the first nine months.

Analysts remain cautious about the short-term outlook. Morgan Stanley warned that the large inventory of secondary homes could continue to weigh on market sentiment, potentially putting pressure on property sales and prices for the remainder of the year. However, CITIC Securities offered a more optimistic view, suggesting that the property market's supply-demand dynamics have shown improvement following substantial adjustments, and anticipating market stabilization in 2026.