On September 24, SUNAC fell 5.34% in regular trading, trading at HK$0.625, with turnover of approximately HK$82.82 million. The decline followed a broad sector pullback as Hong Kong-listed property stocks retreated from the prior session's sharp gains, which were driven by market speculation that a nationwide mortgage subsidy policy could be announced ahead of the National Day holiday.

The real estate development sector saw widespread declines, with China Vanke down 4.23%, Longfor Group down 3.89%, China Resources Land down 2.84%, China Overseas down 0.63%, and Henderson Land down 0.46%. Citi's latest research report flagged structural risks from the rollout of the existing home sales system, warning that new home transaction volumes and new construction starts could drop 30% over the next two years, with cash cycles extending from 6-10 months to 1.5-2.5 years and developer earnings potentially contracting 8% to 17%, suggesting near-term volatility will persist.

At the company level, SUNAC reported H1 revenue of RMB 16.35 billion, a year-on-year decline of 18.2%, with a net loss attributable to owners of RMB 12.54 billion. Current borrowings stood at approximately RMB 148.44 billion, with short-term repayment pressure remaining significant.

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