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in the morning of september 3, the banking sector fell into adjustment, and the a-share market rebounded as a whole. the real estate sector led the gains, with the real estate etf fund (515060) rising by nearly 2%. in terms of related stocks, gemdale group and shenzhen zhenye a rose by the daily limit, while shoukai shares, urban construction development, savills, shenzhen property a, and new town holdings led the gains.

on the news front, the sales data of the top 100 real estate developers in august was released recently. according to data from the china index academy, in the first eight months of this year, the total sales of the top 100 real estate developers was 2683.24 billion yuan, a year-on-year decrease of 38.5% (a year-on-year decrease of 40.1% in the first seven months), and the cumulative year-on-year decline has narrowed for six consecutive months.

dongxing securities believes that the entry of the long-suppressed rigid-demand groups into the core cities has pushed up the transaction volume of second-hand houses, while the release of improvement demand that requires "selling old and buying new" is relatively lagging. the improvement of the core city market will benefit high-quality real estate companies that focus on core cities. china resources land, china merchants shekou, and greenland china are expected to benefit.

public information shows that the csi all-share real estate index tracked by the real estate etf fund (515060) includes real estate leaders such as vanke, poly developments, and china merchants shekou, and has a comprehensive layout in real estate development, management, services and other industries.

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