Real estate sector surges, 000560 leads with limit-up orders exceeding 2.5 billion yuan

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In early trading today, the real estate sector opened sharply higher. 5i5j, Tefa Service, World Union, Financial Street, Heungkong Holding, Shenzhen Properties A, and CCCC Development all hit limit-up at the opening, with 000560 leading the way and limit-up orders exceeding 2.5 billion yuan. China Vanke A, Gemdale Group, and Seazen Holdings were among the top gainers. Hong Kong-listed mainland property stocks also surged, with Sunac China and Country Garden up over 14 percent, Zhenro Properties up over 12 percent, Shimao Group up over 10 percent, and China Vanke up over 8 percent. On the news front, on August 28, the Ministry of Housing and Urban-Rural Development and two other departments jointly issued a notice on improving the commercial housing sales system, requiring localities to promote the sale of completed commercial housing in an orderly and effective manner. This marks a major adjustment after more than 30 years of China's pre-sale system for real estate. Subsequently, a series of policies on real estate from multiple departments were rolled out one after another.

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