Ended 2023 on a weak note
- National sales remained lacklustre in Dec with subdued homebuyer sentiment upon further weakened price expectation
- Expect a sluggish start for 2024 with sentiment to stay weak and homebuyers less responsive to forthcoming policy relaxations
- KE Holdings (2423 HK/BEKE US) poised to benefit from developers’ rising reliance on external customer acquisition channels and surging secondary market transactions; trading opportunities may arise on quality names