Citi issued a research report maintaining a positive view on China's property sector, backed by resilient transaction volumes in core cities and a low-base effect. Developers were expected to step up launches of new projects from September. Coupled with expectations that the Politburo meeting at the end of July will release supportive signals, including further relaxation of measures such as housing purchases using provident funds and home trade-in schemes, the broker believed sector sales growth from July to September is likely to stabilize.

The broker viewed the Chinese property sector is well positioned for a rally from August to October, and identified CHINA RES LAND (01109.HK) +0.440 (+1.310%) Short selling $92.48M; Ratio 33.529% , C&D INTL GROUP (01908.HK) +0.690 (+4.634%) Short selling $3.98M; Ratio 10.731% , BEKE-W (02423.HK) +1.180 (+2.794%) Short selling $18.48M; Ratio 11.296% , CHINA JINMAO (00817.HK) +0.060 (+4.511%) Short selling $1.81M; Ratio 6.771% and CHINA OVERSEAS (00688.HK) +0.230 (+1.716%) Short selling $22.94M; Ratio 22.874% as its top picks.

Five developers already logged growth in contracted sales in 1H26, including CHINA OVERSEAS (00688.HK) +0.230 (+1.716%) Short selling $22.94M; Ratio 22.874% with a YoY hike of 12%, CHINA JINMAO (00817.HK) +0.060 (+4.511%) Short selling $1.81M; Ratio 6.771% up 8%, China Merchants Shekou up 8%, CHINA RES LAND up 6%, and CH OVS G OCEANS (00081.HK) +0.070 (+2.834%) Short selling $888.40K; Ratio 25.756% up 15%. Citi expected the weakness in interim results of property developers to be slightly better than the market's pessimistic expectations, while management guidance on sales and margins may provide support.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-29 12:25.)