Shares of China Resources Land Co. Ltd. surged 5.08% on Wednesday, driven by growing optimism over a potential revival in China's property market next year.
Market analysts are anticipating a rebound in property transaction volumes across the country in 2025, marking the first year of growth since 2022. This projection comes after an analyst from CGS International visited several residential projects in southern China's Greater Bay Area and observed signs of a market bottom in terms of transaction volume.
The Chinese central government's resolute stance in rescuing the struggling property sector has fueled expectations of more supportive policies and faster implementation. This development has bolstered investor confidence in state-owned property developers like China Resources Land, which are well-positioned to capitalize on the anticipated market recovery.
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