Corporate Developments - Evergrande Property announced on December 19 that the liquidator has received several updated non-binding offers from selected bidders, which are currently under consideration. The liquidator has no intention of considering any new non-binding offers. The potential transaction remains in the preliminary stage, and no negotiations or binding agreements have been formed yet [1][14]. New Land Projects - On December 18, 195 new land projects were added in key cities, covering a planned construction area of 10.6975 million square meters. This includes 75 residential projects, 42 commercial office projects, 62 industrial projects, and 16 other types of projects. The city of Weifang had the highest number of new projects at 15, with the largest project located in Zhongshan, covering an area of 501,233 square meters and a transaction floor price of 309 yuan per square meter [2][15]. Market Research - On December 18, a total of 2,062 property-related tender notices were published in key regions such as Beijing-Tianjin-Hebei and Guangdong-Hong Kong-Macau. Non-residential properties accounted for a significant portion, with 1,975 tender projects, and office properties had the highest number of tender notices at 1,006 [4][18]. Capital Market Dynamics - On December 19, the Hang Seng Index closed up by 192.40 points, an increase of approximately 0.75%, closing at 25,690.53 points. Among 61 listed property service companies in Hong Kong, 18 saw their stock prices rise, with Kangqiao Yuesheng Life leading the sector with a gain of 73.91% [7][20]. - The average market capitalization of the 61 listed property companies in Hong Kong was 4.292 billion HKD. Seven companies had a market capitalization exceeding 10 billion HKD, with China Resources Mixc Living being the largest at 99.426 billion HKD, followed by Wanwu Cloud at 22.088 billion HKD and Country Garden Services at 20.829 billion HKD. The average price-to-earnings ratio for these companies was 9.87 times, with Hongyang Services having the highest at 70.49 times [21][22].
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