Group 1 - The core viewpoint of the article indicates that Chinese property stocks continue to decline, with specific companies like R&F Properties and Sunac China experiencing significant drops in their stock prices [1] - Standard & Poor's forecasts a year-on-year decline in new home sales in China by 8%, estimating sales to be between 8.8 trillion to 9 trillion RMB, which is a larger drop than the previously predicted 3% in May [1] - The report suggests that if demand stabilizes in first-tier cities, it could help sustain a more consistent recovery in demand [1] Group 2 - Shenyin Wanguo predicts that the performance of real estate companies will remain under pressure in the third quarter, primarily due to continuous sales declines since 2021 leading to decreased settlements [1] - The article notes that previous price cuts and promotions have impacted current settlements, resulting in low profit margins [1] - However, it is anticipated that from 2025 to 2026, the sector's performance may see a weak recovery amidst bottoming out and that performance differentiation among companies will further intensify [1]

Group 1 - Hainan Province has introduced a new regulation allowing homebuyers to apply for market trading or full ownership of affordable housing after five years of holding the property [1] - The new regulation stipulates that the nature of the affordable housing will change to market commodity housing upon successful application for full ownership [1] Group 2 - China Overseas Development reported a contract property sales amount of approximately 20.173 billion yuan in September, representing a year-on-year increase of 7.2% [2] - The corresponding sales area for China Overseas Development in September was approximately 914,000 square meters [2] Group 3 - Poly Developments disclosed a signed contract amount of 20.531 billion yuan in September, with a year-on-year decrease of 1.84% [3] - The signed area for Poly Developments in September was 1.119 million square meters, showing a year-on-year decrease of 10.46% [3] Group 4 - Sunac China reported a contract sales amount of approximately 1.29 billion yuan in September, with a sales area of about 79,000 square meters [4] - The average contract sales price for Sunac China was approximately 16,300 yuan per square meter [4] Group 5 - According to the China Index Academy, the top 50 property service companies expanded their third-party market area to a total of 51.05 million square meters as of September 2025 [5] - The average expansion area for these companies was 1.02 million square meters, with the top two companies being Country Garden Services and Shimao Services, expanding by 4.88 million square meters and 4.52 million square meters respectively [5]

北京商报讯（记者 王寅浩 李晗）10月10日，融创中国披露9月未经审核经营简报。简报显示，9月融创 中国、附属公司连同合营公司及联营公司实现合同销售金额约12.9亿元，合同销售面积约7.9万平方米， 合同销售均价约1.63万元/平方米。 ...

Core Insights - Sunac China reported its unaudited operational data for September 2025, indicating a contract sales amount of approximately RMB 1.29 billion [1] - The total contract sales area for September 2025 was about 79,000 square meters, with an average contract sales price of approximately RMB 16,330 per square meter [1] - As of the end of September 2025, the cumulative contract sales amount reached approximately RMB 31.76 billion, with a total contract sales area of around 1.001 million square meters and an average contract sales price of about RMB 31,730 per square meter [1]

截至2025年9月底，集团累计实现合同销售金额约人民币317.6亿元，同比减少12.87%，累计合同销售面 积约100.1万平方米，合同销售均价约31730元/平方米。 融创中国(01918)发布公告，2025年9月，集团实现合同销售金额约12.9亿元，同比减少8.51%，合同销售 面积约7.9万平方米，合同销售均价约16330元/平方米。 ...

Core Viewpoint - Sunac China (01918) reported a contract sales amount of approximately RMB 1.29 billion for September 2025, representing a year-on-year decrease of 8.51% [1] Summary by Relevant Categories Contract Sales Performance - The group achieved a contract sales area of approximately 79,000 square meters in September 2025 [1] - The average contract sales price was approximately RMB 16,330 per square meter [1] Cumulative Sales Data - As of the end of September 2025, the cumulative contract sales amount reached approximately RMB 31.76 billion, reflecting a year-on-year decrease of 12.87% [1] - The cumulative contract sales area totaled approximately 1,001,000 square meters [1] - The average cumulative contract sales price was approximately RMB 31,730 per square meter [1]

10月10日，融创中国在港交所公告，2025年9月，集团实现合同销售金额约人民币12.9亿元，合同销售 面积约7.9万平方米，合同销售均价约人民币16,330元/平方米。截至2025年9月底，集团累计实现合同销 售金额约人民币317.6亿元，累计合同销售面积约100.1万平方米，合同销售均价约人民币31,730元/平方 米。 ...

格隆汇10月10日丨融创中国(01918.HK)发布公告，2025年9月，集团实现合同销售金额约人民币12.9亿 元，合同销售面积约7.9万平方米，合同销售均价约人民币16,330元/平方米。 截至2025年9月底，集团累计实现合同销售金额约人民币317.6亿元，累计合同销售面积约100.1万平方 米，合同销售均价约人民币31,730元/平方米。 ...

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，概不對因本公告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。 SUNAC CHINA HOLDINGS LIMITED 融創中國控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：01918） 2025年9月未經審核營運數據 融創中國控股有限公司（「本公司」）董事會（「董事會」）宣佈本公司、附屬公司連同合 營公司及聯營公司（「本集團」）2025年9月若干未經審核營運數據如下： 2025年9月，本集團實現合同銷售金額約人民幣12.9億元，合同銷售面積約7.9萬平 方米，合同銷售均價約人民幣16,330元/平方米。 截至2025年9月底，本集團累計實現合同銷售金額約人民幣317.6億元，累計合同銷 售面積約100.1萬平方米，合同銷售均價約人民幣31,730元/平方米。 上述銷售數據未經審核， 乃根據本集團初步內部資料編製， 鑒於收集該等銷售數據 過程中存在各種不確定性因素， 該等銷售數據與本公司按年度或半年度刊發的經審 核或未經審核綜合財務報表中披露的數字可 ...

Investment Rating - The report does not explicitly provide an investment rating for the real estate industry in Suzhou, Changshu, Kunshan, and Taicang for the year 2025 Core Insights - In the first eight months of 2025, Suzhou's real estate market saw a total of 1.72 million square meters of new residential supply and 2.04 million square meters sold, generating a sales revenue of 51.48 billion yuan [3][4] - The top-performing real estate companies in Suzhou included Suzhou Hengtai with sales of 4.4 billion yuan and Poly Real Estate with 3.64 billion yuan [5][6] - The average sales area for the top 20 projects in Suzhou was 37,000 square meters, with an average sales amount of 1.03 billion yuan [7] - In Changshu, Hengjia Real Estate led with sales of 1.39 billion yuan, while in Kunshan, China Merchants Shekou topped the list with 1.08 billion yuan in sales [8][10] - Taicang's real estate market was led by Taicang Group with sales of 520 million yuan, followed by Yuexiu Property with 420 million yuan [18][20] Summary by Sections Suzhou Real Estate Market - Total new residential supply in Suzhou from January to August 2025 was 1.72 million square meters, with total sales reaching 2.04 million square meters and revenue of 51.48 billion yuan [3][4] - The top companies by sales revenue included Suzhou Hengtai (4.4 billion yuan) and Poly Real Estate (3.64 billion yuan) [5][6] - The average sales area for the top 20 projects was 37,000 square meters, with an average sales amount of 1.03 billion yuan [7] Changshu Real Estate Market - Hengjia Real Estate led the sales with 1.39 billion yuan, followed by China Jinmao with 480 million yuan [8][9] Kunshan Real Estate Market - China Merchants Shekou topped the sales with 1.08 billion yuan, followed by Poly Real Estate with 690 million yuan [10][14] Taicang Real Estate Market - Taicang Group led with sales of 520 million yuan, while Yuexiu Property followed with 420 million yuan [18][20]