--- title: "China Merchants Jinling International: The momentum of property sales in May is stable, optimistic about CHINA RES LAND and others" type: "News" locale: "en" url: "https://longbridge.com/en/news/289753774.md" description: "Jiangyin International's research report pointed out that in May, the sales momentum of real estate companies remained strong, with the sales of the top 100 developers increasing by 14.3% month-on-month. The bank is optimistic about CHINA RES LAND and YUEXIU PROPERTY, both rated as \"Buy,\" believing that they have strong execution capabilities and benefit from the trend of state-owned enterprise preference. As market sentiment improves, some leading private enterprises may accelerate debt restructuring. In terms of policy, the real estate sector continues to adopt an accommodative stance, with the State Council issuing implementation opinions on urban renewal and public services to support market stability" datetime: "2026-06-15T08:43:05.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289753774.md) - [en](https://longbridge.com/en/news/289753774.md) - [zh-HK](https://longbridge.com/zh-HK/news/289753774.md) --- # China Merchants Jinling International: The momentum of property sales in May is stable, optimistic about CHINA RES LAND and others Zhitong Finance APP learned that Jiangyin International released a research report stating that it still expects demand in the secondary market to continue to improve and outperform the primary market. This year, the new housing market will remain basically stable, and the bank believes that buyers will continue to prefer state-owned enterprise projects. As market sentiment improves, some leading private enterprises may take the opportunity to accelerate their debt restructuring process. In the medium to long term, the bank remains optimistic about CHINA RES LAND (01109) and YUEXIU PROPERTY (00123), both rated as "Buy." These two companies have performed excellently in sales over the past few years and have stronger execution capabilities in sales. The bank stated that according to preliminary data from CRIC, driven by transactions in core first-tier city projects, the total sales of the top 100 developers on a full-caliber basis is expected to increase by 14.3% month-on-month from RMB 270.6 billion in April to RMB 309.2 billion before May 2026. The 20 major listed developers tracked by the bank saw a month-on-month sales increase of 7.5% in May, mainly due to a 4.4% month-on-month increase in sales area and a 0.3% month-on-month decrease in average sales price. Among the top 10 developers by sales in May, 9 are state-owned enterprises, with Poly Development ranking first. According to the price index of commercial residential properties in 70 large and medium-sized cities published by the National Bureau of Statistics, the new commercial residential property price index in April fell by 3.5% year-on-year and 0.1% month-on-month, while the second-hand commercial residential property price index fell by 6.2% year-on-year and 0.2% month-on-month. The new/second-hand commercial residential property index in first-tier cities increased by 0.1%/+0.4% month-on-month. Additionally, the real estate policy in May continued to maintain an accommodative orientation. The State Council issued the "Urban Renewal 14th Five-Year Plan," establishing quantitative goals and action programs for urban renewal work in the next five years; at the same time, it released the "Implementation Opinions on Providing Basic Public Services at Permanent Residence," providing supporting support for the stability of the real estate market in terms of housing security, public services, and land allocation ### Related Stocks - [01109.HK](https://longbridge.com/en/quote/01109.HK.md) - [00123.HK](https://longbridge.com/en/quote/00123.HK.md) - [515060.CN](https://longbridge.com/en/quote/515060.CN.md) - [159940.CN](https://longbridge.com/en/quote/159940.CN.md) - [159768.CN](https://longbridge.com/en/quote/159768.CN.md) - [03329.HK](https://longbridge.com/en/quote/03329.HK.md) - [600048.CN](https://longbridge.com/en/quote/600048.CN.md) ## Related News & Research - [Yuexiu Property Secures HK$550 Million Revolving Loan Tied to Controlling Shareholder’s Stake](https://longbridge.com/en/news/290843072.md) - [China Resources Land Obtains CNY1 Billion Term Loan Tied to Shareholding Covenant](https://longbridge.com/en/news/290169836.md) - [The price index dropped. When will we feel it in the supermarket receipt too?](https://longbridge.com/en/news/290343928.md) - [00:12 ETXinhua Silk Road: Price indices on Qinghai yak and Tibetan sheep unveiled to enhance local animal husbandry branding](https://longbridge.com/en/news/290773600.md) - [23:56 ETChina Resources Group Participates in the 4th CISCE, Unveils "China Resources Low-Carbon Eco-Community"](https://longbridge.com/en/news/290507902.md)