房地产日报：头部中介于西南省会新增拿地

Investment Rating - The industry investment rating is "Outperform the Market" [10] Core Viewpoints - The report suggests that the initiation of a global interest rate cut cycle may open up space for domestic interest rate reductions, potentially leading to a release of housing demand. The ongoing improvement in global liquidity and continuous easing of real estate policies are highlighted as key factors [8] Summary by Sections Market Performance - On September 24, both the Shanghai Composite Index and the real estate sector closed higher, with the Shanghai Composite Index rising by 4.3% and the Shenwan Real Estate Index increasing by 2.3%. The residential development, commercial real estate, industrial real estate, and property management sectors saw increases of 2.3%, 1.9%, 2.5%, and 2.2% respectively [2] Individual Stock Performance - The top five gainers in the real estate sector included Sunshine Holdings (10.32%), Shiyong Zhaoye (10.05%), New Huangpu (8.04%), China Communications Construction (7.21%), and Financial Street (5.75%). The top five losers were China National Trade (-1.34%), Poly Development (-0.50%), Nanjing High-Tech (-0.27%), Haitai Development (-0.17%), and Daming City (0.00%) [3] Transaction Data - A total of 2,587 units were sold this week, representing a week-on-week increase of 162.6%. The transaction area for commercial housing reached 22.6 million square meters, with a week-on-week increase of 150.9% [4] Industry News - Beike's subsidiary, Beihome, won a bid for a residential land parcel in Chengdu's Financial City for 1.08 billion yuan, with a floor price of 19,200 yuan per square meter [5] Company Announcements - Chengdu Investment Holdings announced investments in two urban village renovation projects in Minhang District, with total investments of 65 billion yuan and 118 billion yuan, respectively, and an estimated project duration of 5.5 years [6] Individual Stock Valuation - The top five real estate companies ranked by price-to-book ratio (PB) are China Communications Construction (5.67), Beijing Investment Development (1.96), Lujiazui (1.60), China Merchants Shekou (1.16), and Binjiang Group (1.06) [7] Industry Outlook - The report recommends focusing on leading real estate developers such as China Merchants Shekou, Poly Development, Binjiang Group, China Resources Land, Greentown China, and Yuexiu Property, as well as regional state-owned enterprises like Waigaoqiao and Pudong Jinqiao [8]