山东推出住房“以旧换新”新政；越秀地产11月合同销售额51.15亿元

Group 1: Housing Policy in Shandong - Shandong Province has introduced a new housing policy titled "Old for New" to enhance housing replacement efficiency through three models: "sell old for new," "collect old for new," and "demolish old for new" [1] - The policy encourages real estate agencies to provide "help sell" services and introduces a "bottom-line purchase" mechanism to facilitate the acquisition of second-hand houses [1] - It promotes the micro-renovation and functional upgrades of old houses to improve their market competitiveness and supports the conversion of acquired old houses into rental properties [1] Group 2: Real Estate Sales Performance - Yuexiu Property reported a contract sales amount of approximately 5.115 billion yuan in November, representing a year-on-year decline of about 49%, with a sales area of approximately 184,100 square meters, down about 45% year-on-year [2] - R&F Properties disclosed a sales figure of 1 billion yuan in November, with a sales area of approximately 112,500 square meters [3] - China Resources Land achieved a total contract sales amount of approximately 23 billion yuan in November, with a total contract sales area of about 1.135 million square meters, reflecting a year-on-year decrease of 10.8% and 5.6% respectively [4] Group 3: Corporate Governance - China Wuyi has appointed Li Nan as the chairman and director, with the board meeting held on December 12, 2025, to complete the board member addition [5] - Li Nan will serve as the legal representative of the company, and the company will expedite the registration change for the legal representative [5]