KERRY PPT(HK:00683) Mei Ri Jing Ji Xin Wen·2025-11-02 15:37Group 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]