Recently, the real estate market has shown initial signs of recovery, with real estate and property stocks entering a long-awaited active period. Since late September, driven by favorable policies, the stock prices of the real estate and property sectors have generally risen, with several foreign investment giants frequently increasing their holdings in related stocks, reflecting optimism about the sector's future prospects.
Frequent Moves by Foreign Investors, Real Estate Stocks in the Spotlight
According to data disclosed by the Hong Kong Stock Exchange, several foreign institutions such as JPMorgan Chase, Morgan Stanley, Fidelity International, Goldman Sachs, and The Capital Group have significantly increased their operations in the real estate and property sectors recently, involving notable companies such as Sunac China (01918.HK), China Vanke (02202.HK), Poly Property (06409.HK), and China Resources Mixc Lifestyle (01209.HK).
JPMorgan Increases Holdings in Sunac China and China Resources Mixc Lifestyle
JPMorgan has recently increased its holdings in Sunac China shares multiple times. Data shows that on November 7 and November 12, it increased its holdings by 35.4421 million shares and 30.712 million shares at average prices of HKD 3.5269 and HKD 2.9592 per share, respectively. However, JPMorgan also reduced its equity share through sales on November 8 and 13, displaying a flexible short-term investment style.
At the same time, JPMorgan's operations in China Resources Mixc Lifestyle also attracted attention. From September 9 to November 6, JPMorgan bought a total of 3.7358 million shares, spending HKD 115 million; meanwhile, it reduced its holdings by selling 7.7625 million shares. On November 6, it increased its holdings by another 1.4468 million shares, bringing its shareholding ratio back over 5%.
The Capital Group Rises to Major Shareholder of Poly Property
On November 14, American asset management giant The Capital Group purchased 752,000 shares of Poly Property at an average price of HKD 31.6797 per share, with a total amount of HKD 23.8231 million, raising its holding ratio from 4.99% to 5.48%. In addition, Fidelity International and Fidelity Funds have also increased their holdings in Poly Property over several quarters, holding 9.08% and 8.25%, respectively, becoming major shareholders of Poly Property.
Morgan Stanley's Short Trading in China Vanke
Morgan Stanley has been particularly flexible with its operations in China Vanke. On October 17, it bought 6.7427 million shares at an average price of HKD 7.3225 per share, but sold 17.1509 million shares the next day at HKD 7.4891 per share, showing a clear short-term profit-taking strategy.
Real Estate Sector Index Hits New High in a Year and a Half
Driven by favorable policies and the focus of capital, the real estate and property sector index has shown strong performance since late September. Despite some corrections in November, it remains significantly higher than levels before the "9·29" policy. Recently, the real estate index has reached a new high in nearly a year and a half.
Before September, the real estate market was long in a slump, with the stock prices of listed real estate companies and property companies reaching multi-year lows. However, after the "9·29" policy was introduced, the market's pessimistic outlook on the industry's future has been somewhat reversed, attracting active positioning by domestic and foreign institutions.
Domestic Capital Also Frequently Appears
It's not only foreign institutions; stable domestic funds have also been actively appearing in the real estate sector. Well-known institutions such as the National Social Security Fund, China Central Huijin, and Hong Kong Central Clearing and Settlement System frequently positioned themselves in the real estate and property sectors in the third quarter, further driving the sector's heat.
Recovery of Real Estate Stocks May Become a Long-Term Trend
With an improving policy environment and increased capital attention, the warming trend of the real estate and property sector is gradually becoming clear. The positive participation of foreign capital injects more confidence into the market, also providing support for subsequent market trends. However, short-term volatility in the sector will still be affected by macroeconomic conditions and policy factors, requiring investors to remain vigilant.
