Shares of Singapore-listed developers with China exposure notably higher, tracking rebound by peers in HK and Shanghai, on hopes Beijing will be less aggressive in seeking to rein in home prices, according to Dow Jones.

“Housing accounts for a third of fixed asset investments and a broad slowdown would likely challenge the 8% GDP growth target,” says Citigroup; notes while Chinese government curbing speculative activity, it’s also stimulating social welfare housing.

Yanlord Land (Z25.SG) +3.1% at $1.67, Ying Li International (5DM.SG) +2.5% at $0.41, Guocoland (F17.SG) +4.4% at $2.12, CapitaLand (C31.SG) +2.3% at $3.59. STI +1.5%. Most of these stocks actively traded, suggesting improved investor appetite.