Investment Rating - The report indicates a stable investment environment in the Shanghai office market despite a nationwide decline in transaction volume, suggesting a positive outlook for quality assets [1]. Core Insights - The first quarter of 2024 saw a significant reduction in national investment market transaction volume, with investor sentiment becoming more conservative. However, Shanghai maintained a robust market performance, particularly in high-quality asset transactions [1]. - A total of 9 transactions were completed in the Shanghai bulk trading market during Q1 2024, with office transactions dominating at 7 deals. The transaction area remained at a mid-to-high level compared to previous years [1][3]. - The Pudong New Area emerged as a hotspot for transactions, reflecting its strong market appeal [1]. Summary by Sections Overall Situation - The Shanghai investment market demonstrated resilience in Q1 2024, with high transaction volume and activity levels, particularly for premium assets [1]. - The office asset class continued to be the primary focus of bulk transactions, with a notable presence of self-use buyers [3]. Case Analysis - The Shanghai World Financial Center, a landmark building in the Lujiazui financial district, has been a significant player in the market since its inception in 2008. The recent transaction of the 67th floor is a testament to its ongoing appeal [4].

行 业 研 究 [Table_Reportdate] 2024年5月20日 [table_invest] [2Ta0ble2_4Ne年wTit新le] 能源汽车下乡活动启动，促进 标配 行 三四线城市、县区等新能源汽车消费 业 ——汽车行业周报（2024/05/13-2024/05/19） 周 报 [table_main] [证Ta券b分le析_A师u：th ors] 投资要点： 黄涵虚 S0630522060001 hhx@longone.com.cn ➢ 本周汽车板块行情表现：本周沪深300环比上涨0.32%；汽车板块整体下跌2.09%，涨幅在 汽 [table_stockTrend] 31个行业中排第27。细分行业中，（1）整车：综合乘用车、商用载货车、商用载客车子板 车 块分别变动-0.88%、-1.37%、-3.24%。（2）汽车零部件：车身附件及饰件、底盘与发动机 系统、轮胎轮毂、其他汽车零部件、汽车电子电气系统子板块分别变动-1.89%、-2.03%、 -2.24%、-2.88%、-2.04%；（3）汽车服务：汽车经销商、汽车综合服务子板块分别变动- 0.80%、-0.48%。（4）其他交运设备 ...

财联社早知道 2025年实现类L4级智驾!小鹏国内首发落地端到端大模型，这家公司的L4低速自动驾驶解决方案已在多个试点落地SK海力士再获HBM大单!它表示积极开展HBM相关的研发布局 ...

场正迎来三大拐点,这家公罚的产品可为实现城市NOA 功 电报解读 能或高阶辅助驾驶提供更全面的感知信息 //电报解读 一、国内汽车行业2024年或迈入L3 智驾时代 梅赛德斯奔驰在全球范围内率先推出13级自动驾驶后。国内汽车厂商快速跟进。4月7日，广汽埃安与滴滴自动驾驶合资的公司 广州安滴科技有限公司获批工商执照，旨在打造L4级无人驾驶的国内首款量产车。 目前广汽集团、极越汽车、赛力斯汽车、等国内车企已经拿到了L3级自动驾驶测试牌照,在北京、上海、广州、深圳等地开展路 测。5月20日,小鹏汽车宣布2024年第三季度,小鹏汽车将实现全国每条路都能开,全面实现无图,2025年在中国实现类L4级 智驾体验。 地方政策方面,杭州自5月1日起正式施行《杭州市智能网联车辆测试与应用促进条例》,并开放辖区内共计3474平方公里作为 智能网联车辆测试应用区域。 东方证券认为，在国内政策许可和高阶 智驾系统软硬件 技术成熟的推动下,我国汽车行业有望于2024年迈入L3智驾时代。 二、 国内智驾市场正迎来三大拐点，智能化零部件成长空间广阔 中信证券研报指出，全球共振，国内智驾市场正迎来三大拐点：1)技术上，"BEV+Transf ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 15 May 2024 | 5:24PM EDT US Daily: Big City Flight: The Other Migration Trend (Rindels) n The recent surge in immigration into the US is now well known. But newly Jan Hatzius +1(212)902-0394 | jan.hatzius@gs.com released county-level population data from the Census reveal another major Goldman Sachs & Co. LLC migration trend: domestic emigration from large cities. The latest figures show Alec Phillips +1(202)637-3746 | alec.phillips@gs.com that this demographic shift that began ...

"以旧换新"全面袭来，多模式并进；A 股多房企面临退市 风险 ● 以旧换新的国资收购模式，兼具高效性和确定性； ● 上海启动住房"以旧换新"：市场试水，效果待观察； ● 拆迁补偿新通道，多种模式推进城市建设； ● A 股多房企面临退市风险，地产行业在资本市场正处于下行周期 01 01 大招来了！官方出手收购二手房！ 近期，无锡、郑州等二线城市推出买房"以旧换新"的优惠活动！郑州城市发展集团有限公司收购 二手住房，促成群众通过"卖旧买新、以旧换新"购买改善性新建商品住房。该模式先行在金水区、 郑东新区等区域进行试点，试点期间完成二手住房"卖旧买新、以旧换新"500 套，并逐步在主城 区全面实施，全年计划完成 5000 套。今年通过"以旧换新"购买新建商品住房的群众，均可享受 契税补贴 30%的优惠。（惠房宝） 城市视角：以旧换新的国资收购模式，兼具高效性和确定性 目前全国各地推出了多样化的"以旧换新"模式，主要分为以下几类： 在 二 三 线 城 市 的 房 地 产 市 场 中 ， 新 房 市 场 占 据 主 导 地 位 。 然 而 ， 近 几 年 房 地 产 市 场 下 行 导 致 居 民 置 换 陷 入 困 ...

2024 年 4 月上海土地招拍挂市场 整体概览 第一批次集中供地圆满结束 常态化供地市场成交面积回升至近半年高位 4 月，上海 2024 年第一 批次第二轮集中供地的 6 幅 地块完成出让。至此，2024年 第一批次11幅涉宅地块全部 出让完成，合计成交总价 253 亿元。 数据来源：城市资管服务云平台 01 常态化供地市场在工业用地的有力支撑下，总成交面积升至约 64 万平方米，再次超过近半年 的平均成交面积。 ...

城市测量师行定期提供整租市场的住宅租赁数据信息，为政府、企业、消费者提供及时客观的住宅租 赁数据信息，欢迎持续关注！ 02 03 三林世博家园 AB 区为 2006 年竣工，同为动迁公寓小区，占地面积大，共有 275 个楼栋， 主要为一梯两户。小区距离浦三路站步行时间需 15 分钟以上，出行便捷度一般，但小区位于三林 世博家园动迁大居内，商场、超市、菜场等步行 5 分钟左右即可到达，生活配套十分便利。 ● 租赁需求逐步释放，整体成 上海住宅物业租赁挂牌和成交房型段分布 | --- | --- | --- | --- | |---------------------|----------|----------|-------------------| | 小区名称 | 竣工年份 | 小区类型 | 地铁站及步行时间 | | 1. 浦发绿城 | 2004年 | 公寓 | 浦三路站7分钟 | | 2. 三林世博家园AB区 | 2006年 | 公寓 | 浦三路站15-20分钟 | 数据来源：城市资管服务云平台 ● 挂牌量升至近一年最高位 挂牌价格方面,受出租房 源不断增加、房东为减少空置 期而降低价格等因素影响，租 金 ...

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Industry Overview - The Minhang District's Xinzhuang Business District has transformed from a manufacturing hub to a modern service industry cluster since its development began in 2007 [1] - The district faces challenges from rapid development of surrounding business areas and lagging building construction, leading some expanding companies to relocate [1] - Recent policies like "Xin Ten Articles 2.0" and new integrated circuit industry measures have improved industrial concentration and attracted returning companies [1] District Characteristics - Located in Minhang District with better transportation access in northern areas compared to southern regions [2] - Commercial facilities are concentrated around Qixin Road Station on Line 12, including Fortune 108 Plaza, Weijing Plaza, and Qixin Red Dot City [2] - Main industries include wholesale and retail, scientific research and technical services, leasing and business services, and information transmission [3] Development Strategy - Implements "1+2+N" industrial development strategy focusing on headquarters economy and integrated circuit/software information services [5] - Offers subsidies up to 3 million yuan (10% of R&D investment) for integrated circuit companies registering and operating in Xinzhuang for one year [5] - Attracted major companies like Aiwei Electronics, China Railway, and Zhongjianxin, creating strong industrial synergy [5] Market Analysis - High-end office rents decreased from 3.46 yuan/m²/day in 2022 to 3.36 yuan/m²/day in 2023, a 3% drop [6] - Rents continued declining to 3.26 yuan/m²/day in Q1 2024 due to market saturation and intense competition [6] - Overall high-end market vacancy rate exceeded 20% in 2024, exacerbated by new supply like the 90,000 m² Zhengfeng Plaza [7] SWOT Analysis - Strengths: High-quality transportation hub development and improved public transport network [8] - Weaknesses: Inadequate transportation and commercial facilities in southern areas, severe market competition from homogeneous new projects [8] - Opportunities: "Xin Ten Articles 2.0" policy driving industrial upgrading and attracting leading companies [8] - Challenges: Competition from nearby districts like Xuhui Caohejing and oversupply situation with extended absorption periods [8] Case Study: Xizi International Center - Located at 898 Xiuwen Road with 105,000 m² total area and 5 buildings [9] - Maintains stable rents at 3.5-4 yuan/m²/day with flexible negotiation terms [10] - Tenant mix: 30% wholesale/retail, 25% scientific research/technical services, 24% leasing/business services [11] - Achieved over 85% occupancy rate, attracting headquarters and integrated circuit companies [11] Market Outlook - Xinzhuang established as Shanghai's sub-center in 2017 city master plan [12] - "Xin Ten Articles" policy in 2020 and its 2.0 version in 2023 boosted integrated circuit industry development [12] - Current market faces weak demand and oversupply, with short-term downward trend expected [12]