VANKE(SZ:000002) Mei Ri Jing Ji Xin Wen·2025-10-21 00:20Core Insights - The luxury housing market in Shanghai is experiencing a strong demand, with the recent sale of 25 units in the Huangpu District's Gaofuyun Residence achieving a total sales amount of 3 to 4 billion yuan, setting a record for single-project sales of properties priced above 130 million yuan [1][3][4] Group 1: Market Activity - The Gaofuyun Residence project, featuring large units ranging from 276 to 600 square meters, has an average price of approximately 21,000 yuan per square meter, with an average total price of 76 million yuan per unit [4][5] - The project received a high level of interest, with 190 groups registering during the subscription period, resulting in a subscription rate of about 152%, prompting an earlier opening date [4][6] - Other luxury projects in Shanghai, such as Shanghai One, Greentown Chaoming Dongfang, and Lujiazui Taikoo Source, are also seeing strong sales performance [7] Group 2: Buyer Demographics - Approximately 60% of the buyers for the Gaofuyun Residence are high-net-worth individuals from the Yangtze River Delta region, with local Shanghai buyers making up about 30% [5][6] Group 3: Market Trends - The high-end residential market in Shanghai is expected to see a moderate increase in average prices for new properties, driven by strong demand from affluent buyers [10] - Despite the strong demand for luxury properties, the second-hand high-end residential market may face downward pressure on prices due to buyer hesitation and the influx of new projects [10]