PDH(SH:600048) Zhong Guo Jing Ying Bao·2025-11-08 10:13Core Insights - The Guangzhou Poly Yuexi Bay project officially opened on November 7, achieving sales of approximately 10.6 billion yuan on its first day, with the number of transactions exceeding the total for the entire year in Guangzhou as of November 8, 2025 [1] - This project ranked among the top five nationwide in terms of sales on the opening day in 2025, setting a record for the high-end residential market in Guangzhou and becoming the only project in the country to surpass 10 billion yuan in sales on its opening day in 2025 [1] - The average transaction price for the project was around 170,000 yuan per square meter, with the highest price reaching 300,000 yuan per square meter [1] Project Background - The Poly Yuexi Bay project originated from a land acquisition in September 2024, where Poly Development won the bidding for a plot in Tianhe District, Guangzhou, for a total price of 11.76 billion yuan, translating to a floor price of 66,957 yuan per square meter [1] - The land was considered one of the most favorable "treasure plots" released in Guangzhou in recent years, indicating strong potential for high returns [1]