Core Viewpoint - Ruian Real Estate (00272.HK) reported a total contract property sales of RMB 7.916 billion for the fiscal year 2025, indicating a strong performance in both residential and commercial property sectors [1] Group 1: Sales Performance - The cumulative contract property sales included RMB 7.246 billion from residential properties and RMB 0.670 billion from commercial properties [1] - The total sold building area reached 130,500 square meters, with an average selling price of RMB 60,700 per square meter [1] - In the second half of 2025, contract property sales amounted to RMB 4.443 billion, comprising RMB 3.956 billion from residential properties and RMB 0.487 billion from commercial properties [1] Group 2: Additional Sales Metrics - The sold building area in the second half of 2025 was 67,900 square meters, with an average selling price of RMB 65,400 per square meter [1] - A total of 4,003 parking spaces were sold during the fiscal year 2025 [1] - As of December 31, 2025, the group recorded a subscription sales total of RMB 639 million, which is expected to convert into formal contract property sales in the coming months [1]

Core Viewpoint - Ruian Real Estate (00272) reported a total contract property sales of RMB 7.916 billion for the fiscal year 2025, indicating a strong performance in both residential and commercial property sectors [1] Group 1: Total Sales Performance - The cumulative contract property sales for 2025 reached RMB 7.916 billion, comprising RMB 7.246 billion from residential properties and RMB 670 million from commercial properties [1] - The total sold gross floor area amounted to 130,466 square meters, with an average selling price of RMB 60,700 per square meter [1] - Additionally, 4,003 parking spaces were sold during the fiscal year 2025 [1] Group 2: Sales in the Second Half of 2025 - In the second half of 2025, the contract property sales totaled RMB 4.443 billion, including RMB 3.956 billion from residential properties and RMB 487 million from commercial properties [1] - The sold gross floor area in this period was 67,932 square meters, with an average selling price of RMB 65,400 per square meter [1] - A total of 2,929 parking spaces were sold in the second half of 2025 [1] Group 3: Future Sales Expectations - As of December 31, 2025, the group has secured a total subscription sales amount of RMB 639 million, which is expected to be converted into formal contract property sales in the upcoming months [1]

Shui On Land Limited 瑞安房地產有限公司* ( 於開曼群島註冊成立之有限責任公司 ) (股份代號: 272) 公佈 二零二五年下半年 物業銷售簡報 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佈的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 * 僅供識別 1 瑞安房地產有限公司（「本公司」，連同其附屬公司及聯營公司稱為「本集團」）根據第 571 章證券及期貨條例第 XIVA 部項下內幕消息條文（定義見香港聯合交易所有限公司證券上市規 則（「上市規則」））及上市規則第 13.09(2)(a)條發出本公佈。 本公司擬向其股東提供隨附之物業銷售簡報（「物業銷售簡報」），其內載有本集團於二零二 五年下半年之若干營運數據。物業銷售簡報亦刊載於本公司網站(www.shuionland.com)。物業 銷售簡報乃根據內部管理紀錄編製，未經外聘核數師審核或審閱，因此該等數據僅供投資者參 考。物業銷售簡報並非作為購買或出售任何證券或金融產品的邀請或游說，亦並非提供任何投 資服務或投資建議。 本 ...

一位长期从事城市更新的人士向经济观察报表示，不同城市对 社会资本参与城市更新的态度差异较大。多数城市更倾向于引 导民企等社会资本通过认购基金份额的方式参与，而对其直接 参与或主导项目操盘仍持审慎态度。 作者：田国宝 封图：图虫创意 2025年岁末，瑞安房地产有限公司（下称"瑞安地产"，00272.HK）披露上海市浦东新区三林镇 西林村城市更新项目的推进情况，计划于2026年下半年拿地，2027年下半年入市。 三林项目是近三年来浦东体量最大的城市更新项目，总建筑面积约72.4万平方米。项目由陆家嘴 集团、瑞安地产、浦东地产集团和三林资管四家企业参与，其中瑞安地产为第二大股东及主要操盘 方。 瑞安地产是本轮城市更新中为数不多仍深度参与的非国有企业之一。自2021年底以来，受房地产 流动性风险等因素影响，多数民营房企陆续退出城市更新领域，地方国企和央企逐步成为这一领域 的主导力量。 在房地产逐步回归居住属性的背景下，普通商品房去化速度相对放缓，而城市更新项目因多位于城 市核心区，更易获得市场认可。例如，2025年10月入市的北京西城区百万佳苑项目，房源几 乎"秒光"。 一位长期从事城市更新的人士向经济观察报表示，不 ...

在房地产逐步回归居住属性的背景下，普通商品房去化速度相对放缓，而城市更新项目因多位于城市核心区，更易获得市场认可。例如，2025年10月入市的 北京西城区百万佳苑项目，房源几乎"秒光"。 一位长期从事城市更新的人士向经济观察报表示，不同城市对社会资本参与城市更新的态度差异较大。多数城市更倾向于引导民企等社会资本通过认购基金 份额的方式参与，而对其直接参与或主导项目操盘仍持审慎态度。 经济观察报 记者 田国宝 2025年岁末，瑞安房地产有限公司（下称"瑞安地产"，00272.HK）披露上海市浦东新区三林镇西林村城市更新项目的推进情况，计划于2026年下半年拿 地，2027年下半年入市。 三林项目是近三年来浦东体量最大的城市更新项目，总建筑面积约72.4万平方米。项目由陆家嘴集团、瑞安地产、浦东地产集团和三林资管四家企业参与， 其中瑞安地产为第二大股东及主要操盘方。 瑞安地产是本轮城市更新中为数不多仍深度参与的非国有企业之一。自2021年底以来，受房地产流动性风险等因素影响，多数民营房企陆续退出城市更新领 域，地方国企和央企逐步成为这一领域的主导力量。 三林模式 2014年，三林镇被上海列为首批城中村改造项目，由 ...

致：香港交易及結算所有限公司 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 公司名稱: 瑞安房地產有限公司 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00272 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 12,000,000,000 | USD | | 0.0025 | USD | | 30,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 12,000,000,000 | USD | | 0.0025 | USD | | 30,000,000 | 本月底法 ...

Core Viewpoint - The partnership between Ruian Real Estate and several local groups marks a significant step in urban renewal in Shanghai's Pudong district, specifically in the Sanlin area, revitalizing a historic town with new development opportunities [2][3]. Group 1: Partnership and Project Details - Ruian Real Estate has entered into a joint venture with Shanghai Lujiazui Group, Shanghai Pudong Real Estate Group, and Shanghai Sanlin Asset Management Group to develop the Sanlin urban renewal project [2]. - The joint venture will establish a company where Shanghai Lujiazui holds 40%, Ruian Real Estate's Shanghai Ruian Urban Renewal holds 39%, and the other two groups hold 11% and 10% respectively, giving Ruian an effective stake of 13.26% [2]. - The total capital commitment for the project is 9.162 billion yuan, with a registered capital of 2.32 billion yuan, and Ruian's contribution is approximately 1.215 billion yuan [2]. Group 2: Project Scale and Market Positioning - The project covers a total construction area of approximately 723,900 square meters, primarily designated for residential and commercial use [3]. - The Sanlin project is seen as an upgrade of Ruian's previous "New World" model, following similar successful developments in other historical areas [3]. - The location of the Sanlin project is strategically advantageous, being close to the Qiantan South area, which may offer better development potential compared to previous projects [3]. Group 3: Financial Implications and Strategic Focus - Ruian Real Estate's chairman emphasized a focus on Shanghai and maintaining stable cash flow through light asset management [4]. - As of mid-2025, Ruian's financial position shows 5.5 billion yuan in cash and bank deposits against total debts of 29.927 billion yuan, indicating a relatively stable financial status [4]. - The commitment of 1.215 billion yuan is expected to exert limited pressure on the company's cash flow, allowing it to secure long-term benefits from core area projects while strengthening its market position in urban renewal [4].

上海陆家嘴(集团)有限公司 与 上海瑞安城市更新建设有限公司 与 上海市浦东新区房地产(集团)有限公司 与 上海三林资产管理(集团)有限公司 签订的 【上海三林新天地城市更新建设有限公司】 股东协议 | 总 则 . | 1. | | --- | --- | | 各方股东………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 4 | 2. | | 成立项目公司 | 3. | | 公司宗旨、经营范围 | 4. | | 注册资本、资金安排及股权转让… | 5. | | 公司治理. | 6. | | 管理事项. | 7. | | 胶东会 ………………………………………………………………………………………………………………………… 23 | 8. | | 董事会 ………………………………………………………………………………………………………………………………………… 27 | 9. | | 审计委员会 | 10. | | 经营管理架构 | 11. | | 僵局的解 ...

Shui On Land Limited 瑞安房地產有限公司* (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code 股份代號: 272) 22 December 2025 Dear Non-registered holders (Note 1) , Shui On Land Limited (the "Company") – Notice of Publication of Circular dated 22 December 2025 (the "Circular") and Arrangement of Electronic Dissemination of Corporate Communication (Note 2) We are pleased to inform you that the English and Chinese versions of the Company's Circular are now available on the Company's web ...

Shui On Land Limited 瑞安房地產有限公司* (Incorporated in the Cayman Islands with limited liability) (Stock Code: 272) 22 December 2025 Dear Shareholder(s), – Notice of Publication of Circular dated 22 December 2025 (the "Circular") and Arrangement of Electronic Dissemination of Corporate Communication(Note 1) We are pleased to inform you that the English and Chinese versions of the Company's Circular are now available on the Company's website at www.shuionland.com by clicking "More Information" under "Investor Rela ...