0805 GMT - China's residential sales are likely to remain soft in October, given potentially slower project launches, say DBS Group Research's Ben Wong and Derek Tan in a report. They expect developers to be reserved with project launches and stick to selling inventories, citing continued weak home-price expectations. They also anticipate a more neutral policy stance in the near term as Chinese regulators work on resetting the policy framework. Nonetheless, property players' share pull-backs could be opportunities to buy quality names. DBS expects China Overseas Grand Oceans Group and Yuexiu Property to outperform peers due to their salable resources, while China Resources Land could benefit as a proxy to faster development of urban-renewal initiatives under China's 15th five-year plan. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
October 21, 2025 04:05 ET (08:05 GMT)
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