观楼｜大华·星耀项目首开，原融创海豚湾用地调规剑指盘活续建

Core Insights - The Kunming real estate market saw the issuance of pre-sale permits for five projects last week, with the Dahua Xingyao project making its debut [1] - The overall market supply increased significantly, while transaction volume experienced a slight decline [1][3] - New housing subsidy policies were introduced in Yunnan province, providing financial incentives for homebuyers [11][12] Market Performance - Five projects supplied a total of 70,900 square meters to the market, representing a 338% increase week-on-week [1] - Total transactions reached 66,800 square meters, down 3% from the previous week, with an average transaction price of approximately 11,838 yuan per square meter, also down 3% [1] - The Bangtai series projects continued to perform well, with Bangtai Guanyun achieving a sales amount of about 58 million yuan and an average price of 18,171 yuan per square meter [3] Project Developments - The Dahua Xingyao project, part of a larger development, covers an area of 61.8 acres with a total construction area of 220,000 square meters [6] - The project launched 242 residential units with a starting price of 10,500 yuan per square meter, achieving a sales rate of 26% on the first day [7] - The Bangtai Yinyue project also saw a new release of 58 units, with a sales rate of 26% and an average price of 8,500 yuan per square meter [7] Land Supply and Regulations - Two plots of land were supplied in Kunming's main urban area, including one for resettlement housing and another for supporting infrastructure near a subway station [3] - The former site of the failed Yunzhishidai Center has been reclassified for mixed-use development, with a maximum developable area of approximately 145,000 square meters [9] Policy Changes - New housing subsidies in Yunnan province allow for up to 15,000 yuan per unit for new home purchases, with additional support from Dali Prefecture [11][12] - The subsidy program is effective from October 28 to December 31, 2025, and is contingent upon receiving the provincial subsidy [12]