Group 1: Policy and Industry Development - Guangzhou will implement 100% prefabricated construction for residential land starting in 2026, with a goal to exceed 500 billion yuan in total output value for the smart construction and industrialized building industry by 2030 [1] Group 2: Sales Performance of Real Estate Companies - China Overseas Development reported a contract property sales amount of approximately 18.661 billion yuan in October, a year-on-year decrease of 55.1%, with a sales area of about 871,600 square meters, down 40% year-on-year [2] - Gindal Commercial reported a contract sales total of approximately 592 million yuan in October, with a sales area of about 43,000 square meters and an average sales price of approximately 13,800 yuan per square meter [3] - Sunac China disclosed a contract sales amount of approximately 1.01 billion yuan in October, with a sales area of about 88,000 square meters and an average sales price of approximately 11,500 yuan per square meter [4] - Poly Real Estate reported a contract sales amount of approximately 4.3 billion yuan in October, with a sales area of about 148,000 square meters and an average sales price of approximately 29,300 yuan per square meter [5]