KERRY PPT(HK:00683) Zhong Guo Jing Ying Bao·2025-11-03 14:53Core 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]