The improvement in the quality of new home supply in May will help sustain transaction heat in first-tier cities.

In hotspot cities like Shanghai, Shenzhen, and Hangzhou, supply constraints have become increasingly apparent, with supply essentially entering a "window period". This objectively limits the transaction volume; however, due to the entry of suitable properties into the market, the market enthusiasm is expected to continue in the short term.

Zhitong Finance22:11 ET

The Hong Kong stock market's real estate sector rose overall, with CHINA VANKE (02202) up 0.93%. In the first quarter, projects in multiple regions saw strong sales.

The Hong Kong stock market welcomes the first trading day of May, with Mainland Real Estate stocks overall rising. CHINA VANKE (02202) increased by 0.93%, closing at 5.40 Hong Kong dollars.

Zhitong FinanceMay 2 05:05 ET

Little Excitement Around China Vanke Co., Ltd.'s (SZSE:000002) Revenues

Simply Wall StApr 30 00:22 ET

China Vanke 1Q Loss CNY6.25B Vs. Loss CNY361.97M >000002.SZ

Dow JonesApr 29 19:24 ET

China Vanke: Increase in Investment Losses Also Hurt Results >000002.SZ

Dow JonesApr 29 19:24 ET

China Vanke 1Q Rev CNY37.99B Vs. CNY61.59B >000002.SZ

Dow JonesApr 29 19:24 ET