Chinese real-estate shares surged on Thursday, with a Hang Seng gauge of developers recording its strongest advance in almost nine months amid mounting speculation that Beijing is preparing fresh support for the beleaguered sector. Logan Group Holdings soared more than 50%, while Sunac China Holdings gained about 9% and Longfor Group Holdings added 5% in afternoon trading. The rally followed unverified local-media reports that senior policymakers will convene as early as next week to discuss measures to revive housing demand, including a potential shanty-town redevelopment program similar to the 2015 initiative that fueled a construction boom. Investors are betting that any new package would channel state funds toward unfinished projects and ease funding constraints on developers. China’s property market has been a persistent drag on growth. Average prices for second-hand apartments in 100 major cities have fallen 13% over the past two years, according to data compiled by China Index Academy. While most builders remain under pressure, pockets of resilience exist: China Jinmao Holdings, for example, reported a 21% rise in contracted sales in the first five months of 2025 as it focused on smaller, higher-end projects.