Shares of Hong Kong-listed Chinese property stocks soared, with the sector being the major gainer in the Hang Seng Index, led by Longfor Group's 25% increase.
Major cities in China, including Guangzhou and Shanghai, have introduced significant easing measures such as lifting home purchase restrictions, aimed at boosting buyer confidence.
Despite the positive trends, analysts highlight that measures to stabilize the property market may not suffice to effectively revive demand and elevate prices.
Morgan Stanley noted that the ongoing challenges in the property sector could contribute to continued shortfalls in demand, keeping growth below target.
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