Core Viewpoint - The influx of global capital into Shanghai's luxury real estate market is exemplified by the recent purchase of a luxury apartment by the chairman of Kerry Properties, highlighting the strong demand for high-end properties in the area [1][5]. Group 1: Company Actions - Kerry Properties announced the purchase of a 449 square meter luxury apartment in Huangpu District for approximately 117 million yuan, with an expected profit of about 23 million yuan after costs [1][5]. - The company has invested a total of 22.1 billion yuan in land acquisition in Huangpu District, with a total development area of 655,000 square meters [1][5]. Group 2: Project Details - The Jinling Huating project, developed by Kerry Properties, has seen significant sales success, with the first phase selling out 158 units within three hours, generating a total sales amount of 9.234 billion yuan [6][12]. - The second phase of the project offered 120 larger units, achieving an average price of 205,000 yuan per square meter, with a record-breaking unit price of 326,800 yuan per square meter for a top-floor duplex [6][12]. Group 3: Market Analysis - The luxury real estate market in Shanghai is experiencing high demand due to limited supply and a large base of high-net-worth individuals seeking premium properties [12]. - In September, 14 new luxury projects were launched in Shanghai, with a total of 1,619 units available, achieving an overall absorption rate of 72% [12].

Core Insights - Kerry Properties (00683.HK) announced the acquisition of a 449 square meter residential unit in Shanghai for approximately 117 million yuan, with expected gains of about 23 million yuan from the transaction [1] - The proceeds from the sale will be utilized for the company's general operating funds [1] - The property is part of the Jinling Huating project, which is one of the most anticipated luxury residential projects in Shanghai for 2025 [1] Sales Performance - The first batch of 158 luxury units at Jinling Huating sold out within three hours at an average price of 189,000 yuan per square meter, generating a total revenue of 9.234 billion yuan [1] - The second phase of the project achieved an average price of 205,000 yuan per square meter, setting a record for high-rise residential prices in Shanghai for 2025, with total sales reaching 9.843 billion yuan in a single day [1] - The third phase of Jinling Huating has been approved and will offer 39 units of approximately 370 square meters and one penthouse of about 730 square meters, with an average price of 206,000 yuan per square meter, reflecting an increase of about 1,000 yuan per square meter compared to the previous batch [2]

Core Viewpoint - The phenomenon of global capital inflow into Shanghai's luxury real estate market is exemplified by the recent purchase of a luxury apartment by the chairman of Kerry Properties, highlighting the attractiveness of high-end properties in the region [1][5]. Company Summary - Kerry Properties (00683.HK) announced that its chairman, Guo Konghua, purchased a 449 square meter luxury apartment in Huangpu District for approximately 117 million yuan, with an expected profit of about 23 million yuan after costs [1][2]. - The company has invested a total of 22.1 billion yuan in land acquisition in Huangpu District, with a total development area of 655,000 square meters [2][3]. Project Summary - The Jinling Huating project, developed by Kerry Properties, is a significant residential project in Shanghai's Huangpu District, currently in the pre-sale stage [3][4]. - The project has seen remarkable sales performance, with the first phase selling out 158 units within three hours, generating a total sales amount of 9.234 billion yuan [4][5]. - The second phase offered 120 larger units, achieving an average price of 205,000 yuan per square meter, with a record-breaking unit price of 326,800 yuan per square meter for a top-floor duplex [4][5]. Market Analysis - The luxury real estate market in Shanghai is experiencing a surge due to a combination of limited supply in prime locations and strong demand from high-net-worth individuals [10][11]. - The ongoing urban renewal efforts in Shanghai have increased the availability of premium land, contributing to a more vibrant luxury market [10][11]. - In September, 14 new luxury projects were launched in Shanghai, with a total of 1,619 units available, reflecting a 72% overall absorption rate [11].

FF301 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10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: Kerry Properties Limited 嘉里建設有限公司（於百慕達註冊成立之有限公司） 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 00683 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,451,305,728 | | 0 | | 1,451,305,728 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | ...

Core Viewpoint - The recent high-profile transaction of a luxury residential unit in Shanghai's Jinling Huating by Guo Konghua, Chairman of Kerry Properties, highlights the strong performance and appeal of high-end real estate in Shanghai, attracting global capital [1][4]. Group 1: Transaction Details - Guo Konghua purchased a 449 square meter four-bedroom unit in Jinling Huating for 116.8 million yuan (approximately 127.7 million HKD), translating to a price of about 260,000 yuan per square meter [1]. - The seller of the property is Shanghai Zhuomiao Real Estate Co., a wholly-owned subsidiary of Kerry Properties, and the transaction is expected to generate approximately 23 million yuan in unaudited revenue for the company [1]. Group 2: Market Performance - Jinling Huating has demonstrated strong market performance since its launch, with the first phase selling 158 units at an average price of 189,000 yuan per square meter, totaling 9.234 billion yuan in sales within three hours [2]. - The second phase, launched later, offered 120 units at an increased average price of 205,000 yuan per square meter, also selling out on the same day [2]. Group 3: Strategic Importance - Kerry Properties has strategically invested in the Huangpu District, acquiring land parcels totaling 22.1 billion yuan since 2022, with a total development area of 655,000 square meters [3]. - Guo Konghua's leadership since May 2022 has focused on this area, making it a core part of the company's strategic layout [3]. Group 4: Market Trends - The transaction reflects the ongoing vibrancy of Shanghai's high-end residential market, with Kerry Properties reporting a significant increase in contract sales to 10.644 billion HKD in the first half of 2025, driven primarily by Jinling Huating [4]. - Analysts suggest that the high-end residential market is shifting from a focus on living space to wealth preservation, indicating a preference among high-net-worth individuals for core assets in major cities like Shanghai [4].

Core Viewpoint - Kerry Properties Limited has signed an agreement to purchase a luxury property in Shanghai for approximately 116.8 million yuan (about 127.7 million HKD), indicating strong demand in the high-end real estate market despite mixed performance in other cities [1][2]. Group 1: Property Acquisition - The chairman and CEO of Kerry Properties, Guo Konghua, signed an agreement on October 31 to purchase a 449 square meter four-bedroom unit in the Huangpu District of Shanghai for about 116.8 million yuan [1]. - The property is currently under construction and is part of the Jinling Huating project, which is in the pre-sale stage [1]. - Upon completion of the transaction, Kerry Properties expects to gain approximately 23 million yuan in profit, calculated after deducting estimated land and development costs, direct sales costs, and other related expenses and taxes [1]. Group 2: Financial Performance - In the first half of 2025, Kerry Properties reported a 65% increase in revenue to 9.954 billion yuan, while profit declined by 22% [2]. - Property sales revenue surged 1.76 times to 6.42 billion yuan, while rental and other income fell by 6% to about 2.5 billion yuan [2]. - The company recorded a significant increase in contract sales in mainland China, reaching 10.644 billion HKD, driven primarily by the pre-sale of the Jinling Huating project [2]. Group 3: Market Trends - The first phase of Jinling Huating launched 158 units, achieving sales of 9.234 billion yuan within three hours, setting records for total sales, average price, and unit price in Shanghai for the first quarter of 2025 [2]. - The second phase of Jinling Huating released 120 larger units, with average prices reaching 205,000 yuan per square meter, and a top-floor unit sold for over 28.2 million yuan, setting a new record for new home prices in Shanghai [3]. - Kerry Properties acquired land use rights for the Jinling Road project for a total of 8.783 billion yuan in June 2023, following a previous acquisition of four plots for 13.329 billion yuan in January 2022 [3].

Group 1 - The Ministry of Commerce of China is pushing to resume negotiations on the China-Japan-Korea Free Trade Agreement, emphasizing the importance of maintaining stable industrial and supply chains between China and Korea [2] - The Minister of Commerce urged Japan to remove Chinese entities from the export control end-user list, highlighting the need for cooperation to stabilize supply chains amid rising unilateralism and protectionism [2] Group 2 - The Shanghai Futures Exchange announced updates regarding the gold futures entry and exit processes, stating that existing rules inconsistent with the new notification will no longer be enforced [3] Group 3 - Hainan Province has announced adjustments to its automobile scrapping and renewal subsidy policy, specifying requirements for the registration locations of old and new vehicles starting from November 4, 2025 [4] Group 4 - Jiangsu Province reported that all residents were evacuated from a building in Danyang due to uneven settlement causing structural cracks, with no casualties reported [5] Group 5 - The former Party Secretary and Chairman of Guangxi Financial Investment Group, Meng Kunwei, is under investigation for serious violations of discipline and law [6] Group 6 - Malaysia's richest man's son purchased a luxury apartment in Shanghai for approximately 117 million yuan, indicating confidence in the Chinese real estate market [9] Group 7 - A Southern Airlines employee passed away during a physical fitness test, prompting the company to form a special task force to assist the family [11] Group 8 - WuXi AppTec's CAR-T cell therapy is expected to enter the commercial insurance directory, potentially reducing the financial burden on patients [13] Group 9 - The 15th National Games featured a humanoid robot named "Kua Fu" as a torchbearer, showcasing advancements in robotics technology [14] Group 10 - Suir Technology has initiated its listing guidance with CITIC Securities as the advisory institution, indicating a clear structure of actual controllers [17] Group 11 - Yang Guofu's high price for mung bean sprouts has sparked public debate, highlighting consumer sensitivity to pricing and potential impacts on brand perception [18] Group 12 - Tesla is facing controversy over a $1 trillion compensation plan for CEO Elon Musk, with institutional investors' advisory firms opposing the proposal, leading to public disputes [19] Group 13 - Various automotive companies reported significant year-on-year sales growth in October, with BYD achieving cumulative sales of 3.70 million new energy vehicles [21]

Group 1 - The phenomenon of global capital inflow into Shanghai's luxury real estate market is exemplified by the recent purchase of a luxury property in Huangpu District for over 100 million yuan by a Hong Kong real estate company owner [1] - Kerry Properties announced the acquisition of a 449 square meter luxury apartment in Shanghai's Huangpu District for approximately 117 million yuan, with an expected profit of about 23 million yuan after deducting costs [1][5] - The total land acquisition cost for Kerry Properties in Huangpu District has reached 22.1 billion yuan, with a total development area of 655,000 square meters [1][5] Group 2 - The Jinling Huating project, developed by Kerry Properties, has set a record for new home registration prices in Shanghai, with the first phase selling out within three hours and generating a total sales amount of 9.234 billion yuan [5][6] - The second phase of the Jinling Huating project also sold out, with an average price of 205,000 yuan per square meter, and a top-floor duplex unit priced at over 28.2 million yuan, setting a new record for Shanghai [5][6] - As of November 1, 2023, 276 out of 278 residential units in Jinling Huating have been sold, indicating strong demand in the luxury market [12] Group 3 - The luxury real estate market in Shanghai is experiencing a surge due to a combination of factors, including limited supply in prime locations and a large base of high-net-worth individuals seeking quality residential assets [13] - In September 2023, 14 new luxury residential projects were launched in Shanghai, with a total of 1,619 units available, achieving an overall absorption rate of 72% [13] - The market is expected to see further differentiation, with some projects experiencing high sales rates while others perform poorly [13]

Core Insights - The phenomenon of global capital inflow into Shanghai's luxury real estate market is exemplified by the recent purchase of a luxury property by a Hong Kong real estate company for over 100 million yuan [1] - Kerry Properties announced the acquisition of a 449 square meter luxury apartment in Huangpu District, Shanghai, for approximately 117 million yuan, expecting a profit of about 23 million yuan from the transaction [1][4] - The luxury project, Jinling Huating, has seen significant sales success, with all units sold out during its two launches, indicating strong demand in Shanghai's high-end real estate market [5][6] Company Overview - Kerry Properties, led by Chairman and CEO Kwok Koon Wah, has invested heavily in the Huangpu District, with total land acquisition costs reaching 22.1 billion yuan for a total development area of 655,000 square meters [1][4] - The company has successfully bid for land use rights in Huangpu District, marking its strategic entry into the luxury real estate market in Shanghai [9][11] Market Dynamics - The luxury real estate market in Shanghai is characterized by high demand from wealthy individuals, driven by limited supply in prime locations [12] - The Jinling Huating project has set new records for new home registration prices in Shanghai, with average prices reaching 20.5 million yuan per square meter during its second phase launch [5][12] - The overall luxury market in Shanghai is experiencing a surge in new supply, with 14 new luxury projects launched in September alone, indicating a potential shift in market dynamics [13]

Core Insights - The phenomenon of global capital inflow into Shanghai's luxury real estate market is exemplified by the recent purchase of a luxury property by a Hong Kong real estate company executive for over 100 million yuan [2] - Kerry Properties announced the acquisition of a 449 square meter luxury apartment in Huangpu District for approximately 117 million yuan, expecting a profit of about 23 million yuan from the transaction [2][6] - The luxury project, Jinling Huating, has seen significant sales success, with all units sold during its two launches, indicating strong demand in Shanghai's high-end real estate market [6][7] Company Overview - Kerry Properties, listed on the Hong Kong Stock Exchange, has a market capitalization of approximately 28.39 billion HKD and is actively developing the Jinling Road project in Shanghai [2] - The company has invested a total of 22.1 billion yuan in land acquisition for the Jinling Road project, which has a total development area of 655,000 square meters [6][9] - The chairman of Kerry Properties, Guo Konghua, is the son of Malaysian tycoon Guo Huanian, indicating a strong familial connection to wealth and investment in the luxury market [9][12] Market Dynamics - The luxury real estate market in Shanghai is characterized by limited supply and high demand, particularly in prime locations, leading to significant price appreciation [13] - The Jinling Huating project has set new records for sales prices in Shanghai, with units selling for as high as 32.68 million yuan per square meter [7][13] - The overall luxury market in Shanghai is experiencing a supply increase due to urban renewal efforts, with 14 new luxury projects launched in September alone, indicating a potential shift in market dynamics [13]