Hong Kong Stock Market Update: Property stocks are on the rise, with CIFI HOLD GP leading the way with a surge of over 9%. Hangzhou has fully lifted restrictions on the purchase of second-hand homes.
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Real estate stocks rose across the board today, with CIFI HOLD GP surging over 9%. Hangzhou has fully lifted restrictions on the purchase of second-hand homes, no longer requiring qualification checks for buyers. This move has restored market confidence, leading to an improvement in the month-on-month sales volume of real estate. However, challenges remain with inventory pressure and depreciation risks.
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