On June 23, China Resources Land fell 3.08% in regular trading, trading at HK$30.16/share, with turnover of HK$270 million.

On the news front, the domestic property sector continued to weaken as May national real estate data remained soft. Specifically, national real estate development investment declined 16.2% year-on-year for January-May, while new commercial housing sales area fell 10.8% and sales revenue dropped 13.5%. The 70-city new home price index posted a 0.2% month-on-month decline in May, indicating that the industry remains in a bottoming phase. Meanwhile, market participants noted that capital flows have been gravitating toward AI and semiconductor themes, creating a pronounced drainage effect on traditional cyclical sectors including property stocks.

Within the Real Estate Development sector, peers declined broadly: Longfor Group fell 3.94%, China Jinmao fell 3.70%, C&D International Group fell 3.09%, China Overseas fell 2.59%, and Henderson Land fell 2.34%. Fundamentally, the company reported May contract sales of approximately RMB 23.51 billion, up 28% year-on-year, and recently secured a HK$1 billion 36-month term loan facility.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)