Mainland property stocks in Hong Kong continued their upward trajectory. As of press time, SHIMAO GROUP (00813) surged 13.21% to HK$0.3, R&F PROPERTIES (02777) rose 5.36% to HK$0.59, CHINA RES LAND (01109) gained 4.45% to HK$30.96, and SINO-OCEAN GP (03377) climbed 3.81% to HK$0.109.

The rally follows Pingjiang County in Yueyang, Hunan province's November 3 announcement implementing mandatory completed-property sales, becoming China's fourth region after Xinyang (Henan), Jingmen (Hubei), and Conghua District (Guangzhou) to adopt such measures.

Zhongtai Securities noted that while presale bans mitigate delivery risks and stabilize markets by forcing industry consolidation, they may not immediately boost new home sales. The firm maintains its recommendation for high-quality state-owned developers in Hong Kong-listed property plays.

Guangfa Securities highlighted the current policy vacuum ahead of key year-end meetings, though former Chongqing mayor Huang Qifan's proposals on reverse mortgage systems and "home-for-pension" mechanisms have drawn market attention. The broker expects minimal local impact from Pingjiang's policy shift, anticipating more substantive signals from upcoming Politburo and Central Economic Work Conference deliberations on property sector reforms.