Core Insights - The first land auction of 2026 in Shanghai concluded with two plots sold in the Pudong New Area and Minhang District, totaling approximately 4.57 billion yuan, with both plots sold at their reserve prices, aligning with current market expectations [1][2] Group 1: Pudong New Area Plot - The Pudong plot, with a planned residential area of about 67,300 square meters, was acquired by Yuexiu Property Co., Ltd. for 2.56 billion yuan, resulting in a floor price of approximately 38,000 yuan per square meter [1] - This acquisition is expected to strengthen Yuexiu's product recognition and influence in Shanghai's core areas, as the company ranked seventh among Shanghai real estate firms in total sales in 2025 [1] Group 2: Minhang District Plot - The Minhang plot, packaged for sale, has a total construction area of about 60,100 square meters, with residential space of approximately 54,800 square meters. It was won by Shanghai Zhijiang Group for a total price of 2.009 billion yuan, translating to a floor price of about 33,400 yuan per square meter [2] - The Minhang plot benefits from significant integration of industry and city, with strong demand for residential services driven by nearby educational and healthcare facilities, enhancing the area's livability [2] Group 3: Market Trends - The overall participation of real estate companies in the auction reflects a rational approach, focusing on certainty and controlled investment pace, with a preference for core and quality areas [2][3] - The recent land transactions indicate a stable trend in residential land sales in Shanghai since 2025, with developers favoring areas with controllable products and strong sales certainty rather than broad expansion [2]

Major Events - Brain动极光-B (06681) signed important business cooperation agreements with Peking University Sixth Hospital and Shandong Mental Health Center [1] - Cohere New Energy (00182) successfully completed a secondary listing on the Singapore Stock Exchange [1] - Bole康视云-B (02592) submitted a clinical trial application for the new drug CBT-009 to the Drug Evaluation Center [1] - Yingtong Holdings (06883) established a partnership with the Italian high-end fragrance brand CULTI to strengthen its high-end fragrance distribution network in China [1] - Weimeng Group (02013) initiated a business cooperation with Taobao Flash Purchase [1] - Dali普控股 (01921) officially became a qualified supplier for Saudi Aramco [1] - Yiming Anke-B (01541) regained global rights for IMM2510 and IMM27M [1] - Yuexiu Property (00123) subsidiary Shanghai Yuheng won a land parcel in Shanghai's Pudong New District [1] Operating Performance - Jinxin Reproductive (01951) reported a further narrowing of the overall decline in IVF egg retrieval cycles to -1.4% for 2025 [1] - Poly Real Estate Group (00119) achieved a cumulative contract sales amount of approximately 50.2 billion yuan for 2025, a year-on-year decrease of 7.38% [1] - Yadea Holdings (01585) issued a profit warning, expecting annual net profit to be no less than 2.9 billion yuan [1] - Jindi Commercial Real Estate (00535) reported a cumulative contract sales total of approximately 10.696 billion yuan for 2025, a year-on-year decrease of 47.33% [1] - Greentown Management Holdings (09979) estimated the construction fee for newly developed projects in 2025 to be 9.35 billion yuan, a year-on-year increase of approximately 0.4% [1] - Sunac China (01918) achieved a cumulative contract sales amount of approximately 36.84 billion yuan for 2025, a year-on-year decrease of 21.85% [1]

Core Viewpoint - The company successfully acquired a land parcel in Shanghai's Pudong New District for RMB 2,560,860,000, enhancing its land reserves and strategic position in Shanghai [1][2] Group 1: Acquisition Details - The company, through its subsidiary Shanghai Yueheng, won the bid for the land parcel located in Pudong New District on January 6, 2026, for RMB 2,560,860,000 [1] - The land covers approximately 26,931.62 square meters with a total construction area of about 108,957.9 square meters, of which the buildable area is approximately 67,329.05 square meters [1] - The intended use of the land is for residential development, with the residential properties planned for sale [1] Group 2: Location and Surrounding Environment - The land is situated between the inner and outer ring roads in the Pudong Gao Xing area, adjacent to the Jinqiao and Waigaoqiao industrial zones, and is part of the Senlan International Community expansion [2] - The ecological environment is favorable, with nearby Senlan Green Space being a large urban green area [2] - The site is approximately 700 meters from the Zhouhai Road Station on Metro Line 6, providing convenient access to key areas such as Lujiazui, Jinqiao, and Yangpu [2] Group 3: Educational and Commercial Infrastructure - Nearby educational institutions include Shanghai No. 6 Normal University Affiliated Primary School, Pudong New District Jincai Senlan Experimental Middle School, and Shanghai Harrow International School [2] - The area is expected to see the completion and opening of more large-scale commercial complexes, further enhancing the commercial infrastructure [2] Group 4: Strategic Implications - The board believes that acquiring the land at a reasonable cost will increase the company's quality land reserves and further solidify its strategic position in Shanghai [2]

2025中国房地产产品力TOP100发 布会 2026.01.08 Shanghai 为 更 好 启 新 篇 产 品 专 家 多 方 对 话 头 部 房 企 前 沿 实 战 经 验 分 享 年 度 测 评 研 究 成 果 发 布 第七届产品力峰会 2025年，在国家房地产发展新模式与"好房子"建设战略指引下，产品力进一步确认为房企可持续发展的关键支撑。 产品力100工作组紧随行业产品力发展脉搏，已连续八年深耕"中国房地产产品力TOP100"测评研究，已搭建起权威测评平台与开放交流空间。 行业变革下，如何以产品为根本贯穿开发全周期、通过产品创新与服务升级构建未来竞争力？这是房企持续作答的核心命题。 为此，产品力100定于 2026 年1月8日在上海举办"为更好 启新篇 --2025 中国房地产产品力 TOP100 发布会"， 共见行业好未来。 今年在CRIC决策系统、产品信息库、优秀项目案例库的进一步充实、丰富之下，依托大数据的强有力支撑，同时实地调研考察的展开与深入， 测评和研究工作的颗粒度不断细化、深度持续提升。 好房子测评模型 CHANPINLI 100 4大榜单、多个子榜单发布 CHANPINLI 10 ...

Core Viewpoint - The company, Yuexiu Property (00123), successfully acquired a land parcel in Shanghai's Pudong New Area for RMB 2,560,860,000 through its subsidiary, Shanghai Yueheng, enhancing its land reserves and strategic position in Shanghai [1][2]. Group 1: Acquisition Details - The land parcel in Pudong covers approximately 26,931.62 square meters with a total buildable area of about 108,957.9 square meters, of which the saleable area is approximately 67,329.05 square meters [1]. - The land is designated for residential use, with plans for the constructed properties to be sold [1]. - The site will include public service facilities with a buildable area of about 1,260 square meters, which will be handed over to government-designated departments upon completion [1]. Group 2: Location and Surroundings - The land is located in the Pudong Gao Xing area, near the Jinqiao and Waigaoqiao industrial zones, and is part of the expansion area for the Senlan International Community [2]. - The ecological environment around the site is favorable, with the nearby Senlan Green Space being a large and scarce urban green area [2]. - The site is approximately 700 meters from the Zhouhai Road Station on Metro Line 6, providing convenient access to key areas such as Lujiazui, Jinqiao, and Yangpu [2]. - Educational resources in the vicinity include several schools, such as Shanghai Sixth Normal School's Fangfei Campus and Shanghai Harrow International School [2]. - The area is expected to see the completion and opening of more large commercial complexes, further enhancing the commercial infrastructure [2]. Group 3: Strategic Implications - The board believes that acquiring the land at a reasonable cost will increase the company's quality land reserves and further solidify its strategic position in Shanghai [2].

Core Viewpoint - Yuexiu Property (00123.HK) successfully acquired a land parcel in Shanghai's Pudong New District for RMB 2.561 billion, intended for residential development [1] Group 1: Acquisition Details - The land parcel, located in Pudong New District, covers an area of approximately 26,931.62 square meters with a total buildable area of about 108,957.9 square meters, including a planned residential area of approximately 67,329.05 square meters [1] - The acquisition was made through Shanghai Yueheng Enterprise Management Co., a subsidiary in which the company holds a 95% stake [1] Group 2: Development Plans - The residential properties built on the land are intended for sale [1] - The development will include public service facilities with a buildable area of approximately 1,260 square meters, which will be transferred to government-designated departments upon completion [1] Group 3: Location and Surroundings - The land is situated between the inner and outer ring roads in the Pudong Gao Xing area, adjacent to the Jinqiao and Waigaoqiao industrial zones, and is part of the Senlan International Community expansion [2] - The area boasts superior ecological resources, with the nearby Senlan Green Space being a rare large green area in the city [2] - The site is approximately 700 meters from the Zhouhai Road Station on Metro Line 6, providing convenient access to key areas such as Lujiazui, Jinqiao, and Yangpu [2] - Educational resources in the vicinity include several schools, such as Shanghai Sixth Normal School Affiliated Primary School and Shanghai Harrow International School [2] - The area is expected to see the completion and opening of more large commercial complexes, enhancing the commercial infrastructure [2]

公 告 收購土地 越秀地產股份有限公司（「本公司」）董事會（「董事會」）欣然宣佈，於二○二六年一月六日，透 過上海樾恒企業管理有限公司（本公司實際擁有 95%權益的附屬公司）（「上海樾恒」），通過公 開掛牌方式以人民幣2,560,860,000元成功競得上海市浦東新區Y00-0402單元E04B-10地塊 （「上海市浦東新區地塊」）。 上海市浦東新區地塊 本公司透過上海樾恒，通過公開掛牌方式以人民幣2,560,860,000元成功競得上海市浦東新區 地塊。 上海市浦東新區地塊佔地面積約26,931.62平方米，總可建築面積約108,957.9平方米，其中計 容建築面積約67,329.05平方米。上海市浦東新區地塊擬為住宅用地。上海市浦東新區地塊所 建住宅物業擬用於出售。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任 何責任。 （在香港註冊成立的有限公司） （股份代號：00123） – 1 – 上海市浦東新區地塊位於中外環間，浦東高行板塊，緊鄰金橋及外高橋產業 ...

Core Insights - The recent land auction in Shanghai on January 6, 2025, featured two plots that were sold at the base price, totaling approximately 4.57 billion yuan, indicating a stable start for the Shanghai land market in the new year [1][2]. Group 1: Land Auction Details - The first plot, located in the Pudong New Area, is designated for residential use with a total area of 26,931.62 square meters and a planned construction area of 67,329.05 square meters, featuring a floor area ratio of 2.5 and a height limit of 60 meters. This plot is notable as it is the first ordinary commodity housing land released in the area in three years, enhancing its scarcity and development potential [1]. - The second plot, situated in the Minhang District, encompasses a total land area of 62,318.05 square meters with a planned above-ground construction area of 60,068.13 square meters. This plot benefits from significant integration of industry and city, supported by local educational and healthcare resources, enhancing its livability [2]. Group 2: Market Participation and Trends - The auction attracted three companies: Yuexiu, Minfang, and Zhijiang Group, with only Yuexiu bidding on the Pudong plot, while both Minfang and Zhijiang Group participated in the Minhang plot. The participation level was lower than in previous periods, reflecting a seasonal trend where companies are typically in a phase of assessment and planning [2]. - Analysts predict that the pace of land acquisition by real estate companies will remain stable in the short term. As the market gradually recovers and quality plots in core areas are released, there is potential for increased enthusiasm among companies for land acquisition [3].

Core Viewpoint - The recent land auction in Shanghai saw two residential plots sold at their starting prices, indicating a stable but cautious market environment for real estate developers in early 2025 [1][2]. Group 1: Auction Details - The auction on January 6 featured two residential land parcels located in Pudong New District and Minhang District, with a total starting price of approximately 4.57 billion yuan [1]. - The Pudong plot, with a land area of 26,931.62 square meters and a planned building area of 67,329.05 square meters, was won by Yuexiu at a final price of 2.561 billion yuan, translating to a floor price of 38,035 yuan per square meter [1]. - The Minhang plot, comprising both residential and commercial land, had a total area of 62,318.05 square meters and was acquired by Zijin Group for 2.009 billion yuan, with a comprehensive floor price of 33,440 yuan per square meter [1]. Group 2: Market Insights - Zhang Wenjing from the China Index Academy noted that only three companies participated in the auction, indicating a lower level of interest from developers during this traditional off-peak season [2][3]. - The Pudong plot is significant as it is the first ordinary residential land released in the area in three years, highlighting its scarcity and potential for development, supported by good transportation and educational resources [2]. - The Minhang plot benefits from strong integration of industry and city, with nearby educational and healthcare facilities enhancing its attractiveness for residential development [2]. Group 3: Future Outlook - The overall sentiment in the market suggests that developers are currently in a phase of assessment and adjustment, leading to a decrease in land acquisition enthusiasm compared to previous periods [3]. - Despite the two plots being sold at their starting prices, this outcome aligns with expectations given their locations outside of core areas, indicating a stable market condition [3]. - It is anticipated that the pace of land acquisition will remain steady in the short term, with future releases of quality plots in core areas likely to stimulate renewed interest among developers [3].

Group 1 - The core point of the article is the recent land auction in Shanghai, where two residential land parcels were offered, with a total starting price of 4.57 billion yuan [1] - The total area of the land parcels is approximately 89,200 square meters [1] - Yuexiu Property successfully acquired the Pudong New District land parcel for a base price of 2.561 billion yuan, resulting in a floor price of 38,035 yuan per square meter [1] Group 2 - The acquired land parcel covers an area of about 2.69 hectares and has a planned residential construction area of approximately 67,300 square meters [1] - The land has a plot ratio of 2.5 and is located near the intersection of Laiyang Road and Fangfei Road, approximately 800 meters from the Line 6 Zhuhai Road Station [1] - The surrounding area is well-equipped with commercial facilities, including the Senlan Shopping Center, and boasts a favorable ecological environment [1]