CITIC Securities: In the short term, the construction of a multi-level REITs market also helps to revalue high-quality operating real estate assets of enterprises.

The research report from Citic Securities pointed out that in March 2026, more than 10 major cities in China saw an increase in both new and second-hand housing price indexes compared to the previous month. Although Citic Securities believes that it will take some time to digest the supply, the real estate market has sent out optimistic signals, which is of great significance for boosting the confidence of homebuyers. In the short term, the construction of a multi-level REITs market will also help to reevaluate high-quality operating real estate assets of enterprises.