HK Stock Market Move | CHINA STATE CON (03311) rose over 4% in late trading. Sales of completed homes lengthen the capital recovery cycle, and prefabricated construction is expected to be further promoted.

CHINA STATE CON (03311) rose over 4% in late trading. As of press time, it was up 4.28% at HK$8.16, with a turnover of HK$85.0598 million. On the news front, on August 28, three ministries jointly issued a notice on improving the sales system for commercial housing. Sales of completed homes require full completion before sales proceeds can be collected, significantly lengthening the capital recovery cycle for developers. Changjiang pointed out that prefabricated construction uses factory-made components assembled on site, with a construction period noticeably shorter than traditional cast-in-place methods, helping developers enter the sales and capital recovery phase faster. The proportion of prefabricated construction is expected to increase going forward, and demand across all segments of prefabricated construction is expected to be stimulated. Public information shows that CHINA STATE CON's subsidiary Hailong Technology focuses on modular integrated construction (MIC), dividing buildings into modules where structure, finishes, equipment and other prefabrication are completed in factories, then transported to sites for rapid assembly into complete buildings, achieving an industrialization breakthrough of "building houses like making cars." It has been maturely applied in residential construction and is expected to see significant volume growth in the future.