On September 30, LONGFOR GROUP fell 5.89% in regular trading, trading at HKD 5.375/share, with turnover of HKD 31.94 million. The decline came as the broader Hong Kong-listed mainland property sector saw widespread selling pressure following a sharp rally in the prior session.

On the news front, the internal property sector experienced broad profit-taking after collectively surging the previous trading day on State Council housing stabilization policy catalysts. Within the Real Estate Development sector, China Vanke fell 10.68%, Greentown China dropped 7.09%, Sunac declined 7.25%, China Overseas fell 4.86%, and China Resources Land lost 3.94%. Adding to negative sentiment, HSBC International Trustee Limited sold 10 million shares of LONGFOR GROUP on September 23 at an average price of HKD 5.8139, reducing its long position from 62.02% to 61.88%, involving approximately HKD 58.14 million. Separately, Silverland Assets Limited had also reduced its stake earlier in September from 19.0% to 18.93%. Several brokerages including Huatai Securities maintained a Buy rating with a target price of HKD 10.50, citing improving contribution from the company's operations and services segments.

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