Core Viewpoint - The Panyu district in Guangzhou has emerged as a key player in the October land auction market, highlighted by the successful sale of the Hongtu Industrial Park plot to Yuexiu Property for a total price of 119.4 million yuan, translating to a floor price of 15,423 yuan per square meter with a premium rate exceeding 8% [1][14]. Group 1: Auction Details - The auction for the plot involved 18 bidding rounds, indicating a highly competitive environment compared to the previous week’s Huangsha Island plot [2]. - The plot's floor price is considered low, yet it possesses several attractive features [4]. Group 2: Location and Accessibility - The plot is conveniently located approximately 900 meters from Dashi Station, with a direct metro line to Zhujiang New Town, typically taking around 20 minutes [4]. - The area is well-connected to major roads, including the Nanda Expressway, facilitating access to the nearby Wanbo CBD [4]. Group 3: Community and Amenities - The surrounding area boasts a mature living environment, with established residential communities and shopping centers, ensuring that daily living needs are easily met [8]. - High-end shopping options are accessible within a short distance, enhancing the attractiveness of the location [8]. Group 4: Development Potential - The plot has a low plot ratio of 2.6, allowing for the development of low-density products, which could provide a competitive edge in the market [10]. - The anticipated selling price for future developments is projected to be around 30,000 yuan per square meter, offering potential for significant returns [12]. - The area has a hidden demand from improvement buyers, which could support the new housing market [12].

Core Viewpoint - The company Yuexiu has successfully acquired a land parcel in Guangzhou's Panyu District for a total price of 1.194 billion yuan, reflecting a floor price of 15,423 yuan per square meter and a premium rate of 8.15% [1] Summary by Relevant Sections - **Land Acquisition Details** - The land parcel is located on the north side of the Nanda Expressway in Dashi Street, Panyu District, Guangzhou [1] - The total area of the land is 38,828 square meters, with a buildable area of 29,776.59 square meters [1] - The land includes road use of 6,459.6 square meters and green space of 2,591.81 square meters [1] - The planned construction area is 77,419.13 square meters, with a plot ratio of 2.6 [1] - **Bidding Process** - The acquisition involved 18 rounds of bidding [1] - The starting price for the land was 1.104 billion yuan, with a starting floor price of 14,260 yuan per square meter [1]

Core Insights - A residential land parcel in Panyu District, Guangzhou, was auctioned on October 28, with a total area of 38,828 square meters and a planned construction area of 77,419.13 square meters, resulting in a floor area ratio of 2.6 [1] - The starting price for the land was set at 1.104 billion yuan, equating to a starting floor price of 14,260 yuan per square meter [1] - The auction attracted two real estate companies, with Yuexiu winning the bid after 18 rounds, securing the land for a total price of 1.194 billion yuan, which translates to a final floor price of 15,423 yuan per square meter and a premium rate of 8.15% [1]

Core Insights - The leadership change at Yuexiu Group marks a strategic shift, with new Chairman Chen Qiang emphasizing collaboration with other state-owned enterprises and setting ambitious goals for the second half of the year [1][2] Group Developments - Yuexiu Group completed the acquisition of Hong Kong Life Insurance, marking a significant milestone under Chen Qiang's leadership, with a transaction size of 17.68 billion HKD, the largest life insurance acquisition in Hong Kong in 2024 [2][4] - The acquisition allows Yuexiu Group to enhance its financial services capabilities and expand into new business areas such as elderly care and health insurance, positioning it as the first local state-owned enterprise in Guangzhou with a full financial license [4] Real Estate Strategy - Yuexiu Group is diversifying its real estate strategy by developing a "third curve" that includes construction services, urban renewal, and elderly care services, aiming to adapt to the challenges of declining profit margins in traditional real estate development [5][6][7] - The company has successfully implemented urban renewal projects in Guangzhou, achieving an 8% profit margin, and is expanding its elderly care services to over 8,000 beds, leveraging insurance funds for project development [6][7] Financial Performance and Goals - Yuexiu Group has been enhancing operational efficiency and adopting AI technology for financial management, which supports business growth while reducing costs [8] - As of the end of 2024, Yuexiu Group's total assets reached 1.1385 trillion CNY, ranking 208th in the "China Top 500 Enterprises" and 11th in the "Top 100 Chinese Multinational Companies" [9] - Despite the focus on new business areas, the real estate sector remains a core component, with a target to invest 10 billion CNY in land acquisition over the next two months [9]

Core Insights - The seminar organized by Shanghai E-House Real Estate Research Institute focused on the current real estate market and policy analysis, emphasizing the need for high-quality development in the industry [1] Group 1: Industry Trends and Challenges - The real estate industry is urged to align with national strategic goals and to view its positioning through a new lens, considering the macro environment and market risks [1] - The industry is facing challenges that require a clear understanding of development trends, with the "14th Five-Year Plan" serving as a key guideline for mitigating risks [1] - There is a consensus among industry leaders on the need for innovation and breakthroughs during the transformation process [2] Group 2: Development Models and Strategies - The core of achieving high-quality development lies in constructing a new development model, which includes transitioning from expansion to improving existing stock, shifting product concepts from merely providing housing to enhancing living quality, and balancing sales and rental markets [2] - Companies are encouraged to reshape their development models, building products, and corporate DNA to embrace long-termism and collaborative growth [2] Group 3: Cross-Industry Integration - The importance of cross-industry integration was highlighted, with examples such as the "West Shanghai Digital Incubation Base" project that combines various sectors to revitalize existing assets [3] - The need for national-level financial institutions to address inventory issues and improve market supply-demand relationships was emphasized [3] Group 4: Operational Improvements and Financial Strategies - Companies are advised to enhance operational capabilities, adopt market-driven cost management, and explore asset securitization through REITs [4] - The industry is encouraged to move away from high-leverage models and ensure that financial tools serve to empower the real economy, focusing on quality development that benefits the public [4]

Core Insights - The article highlights the successful delivery of the first batch of reconstructed homes in Liren Dong Village, a key urban renewal project in Guangzhou, marking a significant milestone in the village's transformation from an old community to modern living spaces [1][4][12] Group 1: Project Overview - Liren Dong Village is located in the core area of Guangzhou's South CBD and was previously known as "China's Taobao Village" due to its thriving e-commerce industry [1] - The total construction area for the village's redevelopment is nearly 4 million square meters, with a total investment exceeding 50 billion yuan, of which over 11 billion yuan has already been invested [1][9] - The project is recognized as the largest old village renovation project in Guangzhou, involving significant collaboration between the government, enterprises, and villagers [9][10] Group 2: Housing Quality and Community Features - The delivered homes feature spacious and practical layouts, with 1,688 residential units ranging from 75 to 180 square meters, designed to meet the needs of the villagers [6][12] - The project emphasizes high-quality living standards, with a delivery rate of nearly 90% for the completed buildings, and includes various community amenities such as schools, a nursing home, and recreational facilities [5][10] - The design incorporates modern aesthetics and functionality, with a green coverage rate exceeding 40% and a landscape area of over 10,000 square meters [5][6] Group 3: Implementation and Speed of Development - The project has achieved remarkable speed in its execution, with the approval process for construction taking only 20 days and a signing rate of over 80% within six months [9][10] - The overall urban environment and public services are being enhanced concurrently, with 196 public service facilities being developed alongside the housing project [9][10] Group 4: Innovative Urban Renewal Model - The project exemplifies a "comprehensive land remediation + urban renewal" model, which aligns with the central government's urban work conference directives [4][11] - The collaborative approach involves government guidance, state-owned enterprise implementation, market operations, and community participation, aiming for a balanced development of housing, industry, and culture [11][12] - The transformation aims to optimize village layout, promote industrial clustering, and enhance ecological health, ultimately creating a modernized community with improved living standards [11][12]

建议绿色票据发行的所得款项总额将为人民币28.5亿元，拟用于置换发行人、公司及其附属公司整体于 一年内到期的若干中长期境外债务有关用途。 智通财经APP讯，越秀地产(00123)公布，于2025年10月24日，发行人(公司间接全资附属愉欣国际有限 公司)、该公司(作为担保人)及联席牵头经办人(作为联席牵头经办人)订立认购协议，据此，联席牵头经 办人已个别而非共同地同意认购及支付，或促使认购人认购及支付绿色票据，而发行人已同意于发行日 期向联席牵头经办人或按联席牵头经办人可能作出的指示发行绿色票据。 绿色票据将通过仅向专业投 资者发债的方式提呈发售。发行人及该公司将通过仅向专业投资者发债的方式向联交所申请批准绿色票 据上市。绿色票据将包括人民28.5亿元的3.30厘有担保绿色票据，并将于2028年到期。 ...

Core Viewpoint - Yuexiu Property (00123.HK) announced the issuance of green notes amounting to RMB 2.85 billion, maturing in 2028, with a coupon rate of 3.30% [1] Group 1: Issuance Details - The issuer, Joy Delight International Limited, a wholly-owned subsidiary of the company, has entered into a subscription agreement with joint lead managers for the issuance of green notes [1] - The green notes will be offered exclusively to professional investors and will be listed on the Stock Exchange upon approval [1] Group 2: Use of Proceeds - The total proceeds from the green notes issuance, amounting to RMB 2.85 billion, will be used to refinance certain medium to long-term offshore debts due within one year [1] - An equivalent amount of the net proceeds from the green notes will be allocated for financing and/or refinancing eligible green projects according to the company's sustainable financing framework [1]

Core Viewpoint - Yuexiu Property (00123) has announced the issuance of green bonds amounting to RMB 2.85 billion, which will be used to refinance certain medium to long-term offshore debts due within one year [1] Group 1: Green Bond Issuance - The issuer, a wholly-owned subsidiary of the company, has entered into a subscription agreement with joint lead managers for the issuance of green bonds [1] - The green bonds will be issued exclusively to professional investors and will be listed on the stock exchange [1] - The green bonds consist of RMB 2.85 billion of secured green bonds with an interest rate of 3.30%, maturing in 2028 [1] Group 2: Use of Proceeds - The total proceeds from the green bond issuance will amount to RMB 2.85 billion [1] - The funds raised are intended for refinancing the company's overall medium to long-term offshore debts that are due within one year [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任 何責任。 本公告僅為提供信息之目的，並不構成收購、購買或認購證券的一項邀請或要約。 本公告並不構成或組成在美國境內購買或認購證券的任何要約或招攬的一部分。證券及證券擔保未曾及將不會根 據經修訂一九三三年美國證券法（「證券法」）或美國任何州或其他司法權區的證券法登記。證券及證券擔保乃根據 證券法S規例在美國境外提呈發售及出售，且不得在未有根據證券法登記或獲證券法豁免登記的情況下在美國境 內提呈發售或出售。將不會在美國境內或進行有關發售即屬限制或禁止的任何其他司法權區公開發售證券或證券 擔保。 （在香港註冊成立的有限公司） （股份代號：00123） 公 告 本公告乃根據上市規則第13.18條刊發。 董事會謹此宣佈，於二○二五年十月二十四日，發行人（作為發行人）、本公司（作為擔保人） 及聯席牽頭經辦人（作為聯席牽頭經辦人）訂立認購協議。 認購協議 日期： 二○二五年十月二十四日 建議發行人民幣 2,850,000,00 ...