Hong Kong’s real estate stocks performed strongly yesterday, with Kaisa Group’s shares soaring by as much as 58%, Fantasia Holdings up 48%, Sunac China Holdings rising 18%, Hang Lung Properties gaining over 12%, and Vanke increasing nearly 12%. The mainland real estate market in Hong Kong has recently continued to strengthen, primarily due to the central bank’s announcement of a batch reduction in the mortgage rates for first and second homes, followed by the four major state-owned banks announcing adjustments to existing mortgage rates. Subsequently, Shanghai, Guangzhou, and Shenzhen each released new policies to relax housing purchase restrictions.