Group 1 - Shanghai Zhongyuan Real Estate reported a 121.96% month-on-month increase in the transaction area of newly built commercial residential properties in Shanghai last week [1] - Hunan Liuyang introduced new policies to increase deed tax support and implement home purchase subsidies [1] - Shenyang adjusted the upper limit of the housing provident fund contribution base [1] Group 2 - Ningbo Banking Association held a meeting to stop the practice of "rebates" on housing loans [1] - Nanjing saw 13 residential land plots sold for nearly 6.9 billion, with 2 plots having a premium rate exceeding 30% [1] - Greenland Holdings clarified rumors regarding the disappearance of its Executive President Chen Jun, stating he is still "performing his duties normally" [1] Group 3 - Shenzhen Deep Industry Group won a residential land plot in Longhua, Shenzhen for a base price of 1.906 billion [1] - The Meilin area in Shenzhen has undergone planning adjustments, adding a new residential land plot of 5,550 square meters [1] - Dongguan plans to supply 13 residential land plots this year, covering a total area of approximately 661.76 acres [1] Group 4 - The momentum of U.S. housing prices continues to cool, with significant regional differences still evident [1]

Core Points - The Beijing Municipal Planning and Natural Resources Commission has released a list of residential land supply for 2025, comprising 8 plots with a total area of approximately 33 hectares and a construction scale of about 720,000 square meters [1] - The land will be supplied by late June 2025 and is located in areas with significant market demand and well-developed infrastructure and public services [1] - The distribution of the plots includes 3 in the central urban area (2 in Haidian District and 1 in Fengtai District) and 5 in the plain multi-point areas (3 in Changping District and 2 in Shunyi District) [1]

Summary of Key Points Core Viewpoint The Guangzhou Planning and Natural Resources Bureau has released the "Guangzhou 2025 Land Supply Plan," indicating a total residential land supply of 722 hectares for the year 2025, with a notable increase in commercial residential land supply compared to the previous year. Group 1: Land Supply Overview - The total planned residential land supply for 2025 is 722 hectares, accounting for 21% of the total supply plan [1] - Among this, commercial residential land supply is 515 hectares, which is a 2.9% increase year-on-year, making up 71% of the residential land supply plan [1] - Non-commercial residential land supply is 207 hectares, representing 29% of the residential land supply plan [1] Group 2: District-Specific Supply - The district with the largest supply of commercial residential land is Panyu, with 91.14 hectares, followed by Huangpu with 90.89 hectares and Huadu with 80.95 hectares [1] - Five districts, including Panyu, Nansha, Baiyun, Zengcheng, and Haizhu, have seen a year-on-year decrease in land supply, with Zengcheng experiencing the largest decline of 63.9% [1][2] - Conversely, six districts have shown an increase, with Huadu leading at a growth rate of 61.3% [1][2] Group 3: Planned Land Supply Breakdown - The plan includes 139 plots of residential land, distributed across various districts: Liwan (15 plots), Yuexiu (1 plot), Haizhu (4 plots), Tianhe (14 plots), Baiyun (29 plots), Huangpu (29 plots), Panyu (10 plots), Nansha (15 plots), Huadu (12 plots), Zengcheng (2 plots), and Conghua (8 plots) [1] - The total area of residential land planned for supply in 2025 is 515.5 hectares, with specific district allocations detailed in the plan [2][4] Group 4: Market Implications - Nansha district, while having the largest area at over 7.78 million square meters, is noted for its conservative approach to commercial land supply, indicating a cautious market outlook [2] - The supply plan suggests a strategic focus on balancing residential and commercial land development, which may influence future real estate market dynamics in Guangzhou [1][6]