Core Viewpoint - Kaisa Group (01638) has signed a strategic cooperation agreement with CITIC Urban Investment Group to enhance the Shenzhen Futian Jiayuan project, aiming to set a benchmark for the "good housing" initiative by 2025 [1] Group 1: Strategic Cooperation - The agreement emphasizes a "joint management" model to efficiently advance project construction and improve quality and value [1] - This collaboration represents a deepened practice of the innovative urban renewal model combining state-owned enterprise support with market operations [1] Group 2: Market Impact - The partnership aims to revitalize core assets and contribute to the "good housing" and "good life" initiatives, enhancing residents' living conditions [1] - The cooperation is expected to boost market confidence and serve as a stabilizing factor for the real estate market, promoting price stability and healthy development [1] Group 3: Long-term Strategy - This collaboration aligns with Kaisa Group's long-term strategic planning, facilitating the activation of core project values in the Guangdong-Hong Kong-Macao Greater Bay Area [1] - The initiative is anticipated to release existing potential and enhance industrial value, significantly benefiting the company's sustainable development [1]

Core Viewpoint - Kaisa Group (01638) has signed a strategic cooperation agreement with CITIC Urban Development Group to advance the Shenzhen Futian Jiayuan project, aiming to set a benchmark for the "good housing" initiative by enhancing project quality and value [1] Group 1: Strategic Cooperation - The agreement was signed on August 18, 2025, and focuses on resource integration and collaborative advantages through a "joint management" model [1] - This partnership represents an innovative urban renewal model combining state-owned enterprise support with market-oriented operations, achieving a strategic goal of scientific collaboration among multiple stakeholders [1] Group 2: Market Impact - The collaboration aims to revitalize core assets quickly and contribute to the "good housing" initiative, ensuring homeowners achieve a stable living environment [1] - It is expected to boost market confidence and serve as a stabilizing factor for the real estate market, promoting price stability and healthy, high-quality development [1] Group 3: Long-term Strategy - This cooperation aligns with Kaisa Group's long-term strategic planning, enhancing the value of core projects in the Guangdong-Hong Kong-Macao Greater Bay Area and unlocking existing potential [1] - The partnership is deemed to have significant positive implications for the company's future sustainable development [1]

KAISA GROUP HOLDINGS LTD. 佳兆業集團控股有限公司 * （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1638） 自願性公告 香港交易及結算所有限公司以及香港聯合交易所有限公司對本公告的內容概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 表 明 不 會 就 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 佳兆業集團控股有限公司 主 席 郭英成 香 港，二 零 二 五 年 八 月 二 十 四 日 於 本 公 告 日 期，本 公 司 的 執 行 董 事 為 郭 英 成 先 生、麥 帆 先 生、李 海 鳴 先 生、郭 曉 群 先 生、羅 婷 婷 女 士、宋 偉 先 生 及 劉 立 好 先 生；本 公 司 的 獨 立 非 執 行 董 事 為 饒 永 先 生、張 儀 昭 先 生、劉 雪 生 先 生 及 李 大 鵬 先 生。 * 僅供識別 本公告由佳兆業集團控股有限公司（「本公司」，連 同 其 附 屬 公 司 統 稱 為「本 ...

Economic Performance - Xuzhou's GDP growth rate reached 6.2% in the first half of the year, indicating stable economic growth [1] - The real estate market played a significant role in this stability, with both new and second-hand housing transactions showing year-on-year growth [1] Real Estate Market Dynamics - New residential sales in Xuzhou totaled 3.7163 million square meters, a year-on-year increase of 15.83%, ranking second in the province [1] - Policies such as "selling old for new" and housing subsidies for young talents have effectively stimulated housing demand [1] "Good Housing" Initiatives - The Ministry of Housing and Urban-Rural Development emphasized the construction of "good houses" that are safe, comfortable, green, and smart [2] - Xuzhou is advancing 22 high-standard residential projects, covering a total construction area of approximately 3.8 million square meters, all meeting at least two-star green building standards [2] Housing Quality Improvements - New regulations address noise issues between living spaces, mandating soundproofing measures in residential designs [3] - Xuzhou is developing guidelines for "improved residential design and construction," focusing on mandatory requirements and enhancing buyer experience [3] Flexibility in Housing Design - The city encourages flexible space designs without internal walls and promotes lightweight, easily removable partition walls [4] - The aim is to allow homeowners to make minimal alterations during renovations, enhancing overall living quality [4] Community and Service Enhancements - "Good houses" require not only physical infrastructure but also supportive services and community environments [5] - Projects like the Hanfeng Qingnian Road Primary School are designed to create ecological communities with various amenities to improve living quality [5] Market Trends and Supply-Demand Balance - Xuzhou's new residential property turnover cycle is 12.5 months, shorter than the provincial average, indicating a balanced supply-demand relationship [6] - The city has established a comprehensive control mechanism for "good houses," including enhanced scrutiny during construction and post-delivery satisfaction assessments linked to developer credit ratings [6]

2025年是中国"十四五"规划收官之年，也是中国房地产行业重塑逻辑、定义未来的关键一年。 当前，全球经济格局深刻调整，中国经济由高速增长阶段转向高质量发展阶段。房地产行业作为国民经济重要支柱产业，也在深刻变革和调整中蕴藏着新的 机遇。好房子建设与城市更新正是行业未来十年的重大机遇。 8月19日，由中国房地产报、中国城市与区域治理研究院联合主办的"2025第十五届中国城市发展及房地产创新大会"在北京隆重召开。 这场大会以"万物生长 信心的力量"为主题，邀请了著名经济学家、知名学者和企业家、房地产企业管理者、产业链上下游企业管理者、金融投资机构高层 共同出席，旨在解读中央政策导向下的企业发展路径，为构建房地产发展新模式、实现"让人民群众住上更好的房子"目标提供战略支撑与实践指引。 作为活动主办方，中国房地产报社社委会主任栗文忠表示，我们要始终相信只要我们能转到为老百姓建好房子的道路上来，转到高质量发展道路上来，我们 的行业一定会好起来、稳起来。 这几年，在中央大力倡导"好房子"建设的主基调下，房企的产品迭代速度越来越快。中国金茂首席产品官田九坡用"代际断层"形容当前产品迭代速度："半 年前的项目如今已显落后，跟不 ...

Core Viewpoint - The central government has issued its fifth positive signal this year regarding stabilizing the real estate market, emphasizing the need for strong measures to consolidate the market's recovery and release improvement demand through urban renewal and the renovation of dilapidated housing [1] Group 1: Supply and Demand Activation - The recent meeting highlighted the importance of transforming urban villages and dilapidated housing as a key breakthrough to release housing demand, addressing current market pain points such as weak first-time buyer demand and suppressed improvement demand [2] - The strategy includes a multi-faceted approach to stimulate improvement demand, directly targeting the challenges faced in the current market [2] Group 2: Investment Focus - A new investment direction termed "investing in people" was introduced, aiming to allocate more funds and resources towards sectors that serve the population, particularly in education, elderly care, and healthcare [2] - This approach emphasizes the significance of housing within the broader context of improving living conditions and creating a better development environment through various policy measures [2] Group 3: Policy Coordination - Major cities like Shanghai and Beijing are actively revising housing policies to align with national standards and local construction requirements, with Shanghai currently soliciting public opinions on its revised housing design standards [3] - The focus is on ensuring that housing projects meet the "good housing" construction requirements while also addressing urban infrastructure needs [3] Group 4: Inventory Reduction and Quality Improvement - Strategies to reduce inventory include demolishing and rebuilding old areas to create passive housing demand, which can quickly absorb surrounding property inventory [4] - The goal is to enhance housing quality by linking old housing renovations with the "good housing" initiative, shifting the focus from merely having housing to ensuring quality living conditions that meet residents' upgraded demands for safety, comfort, and sustainability [4] Group 5: Policy Relaxation in Major Cities - Recent policy changes in first-tier cities have included easing purchase restrictions, with Beijing allowing unlimited purchases outside the Fifth Ring Road and Guangzhou fully lifting purchase limits [7] - The current landscape shows that Guangzhou has the most relaxed policies, followed by Shenzhen, while Beijing and Shanghai maintain stricter regulations, particularly regarding social security requirements for non-local buyers [7][9]

Group 1 - The global economic landscape is undergoing profound adjustments, with China's economy transitioning from high-speed growth to high-quality development, presenting new opportunities in the real estate sector, particularly in housing construction and urban renewal [1] - The real estate industry is entering a new development phase centered on urban renewal, where success is measured by long-term operational capabilities and social value creation rather than mere development scale [1][3] - The current structural bias in consumption is a significant challenge, but addressing it could provide growth momentum comparable to past real estate booms, supporting stable economic growth [3] Group 2 - The power of real estate branding is becoming increasingly prominent, with a focus on reconstructing brands to fulfill promises and contribute to civilization [3] - The speed of product iteration in the real estate sector is accelerating, with companies needing to adapt quickly to policy and customer changes to avoid obsolescence [3] - The industry is shifting from a focus on scale and speed to value and quality, emphasizing the importance of providing life experiences rather than just living spaces [4]

极目新闻记者 吕锐 通讯员 罗汉卿 从住有所居到住有优居，从建设"好房子"到提供"优服务"，今年以来湖北省各地聚焦高品质住宅建设，加快构建房地产发展新模式，房地产市场止跌回稳 势头良好。 极目新闻记者近日从省住建厅获悉，1-7月，全省新建商品房销售面积同比增长5.8%，连续8个月实现正增长；二手房成交面积同比增长13.1%，其中武汉 市二手房成交面积同比增长11.1 %。 "政策礼包"拉动楼市增长 "去年5月生下二胎后，出院时就领取了2300元住院补贴，今年6月又收到4200元产假补助，每月还能领取800元育儿补贴，购房还拿到了6万的二孩补助， 政策实实在在减轻了我们的负担。" 近日，天门市网友发帖分享领到补贴后的喜悦。据了解，天门市生育二孩、三孩家庭分别可享6万元、12万元购房补贴。 去年以来，天门市抢抓产业和人口流动机遇，组织房企参与住房市场需求调查，摸排出全市具有明确购房意愿的家庭3万余户，选定多孩家庭、进城农 民、引进人才等七类特定人群给予购房补贴，通过生育+购房补贴双管齐下、共同发力，拉动全市房地产开发投资增速连续14个月全省第一，投资和销售 实现"双回正"。 不止是天门，湖北多地出台了推动房地产市 ...

Core Insights - The land market in core cities has remained active in 2023, with record high land prices in cities like Beijing, Hangzhou, and Chengdu in Q1, and further price increases in Q2 and July [1][15] - The government has implemented "regulatory adjustments" to enhance land value, which has been positively received by the market [1][6] - The overall real estate market is stabilizing, but further policy support is needed to maintain this trend, as emphasized in a recent State Council meeting [1][10] Land Market Performance - In Q3, the trend of reduced land supply continued, with land transfer fees increasing year-on-year, but the growth rate has slowed [2][4] - For the period from January to August 2025, the total residential land area launched in 300 cities decreased by 20.3%, while the transaction area fell by 7.0% [4] - Core cities have seen significant increases in land transfer fees, with first-tier cities experiencing over 40% growth [5][13] Regulatory Adjustments - "Regulatory adjustments" have been used to reintroduce previously unsold land, enhancing its attractiveness and facilitating successful sales [7][9] - Examples include Shenzhen's Bao'an District, where a land parcel was successfully auctioned after adjustments increased its residential proportion [8][10] Investment Trends - Real estate companies are focusing on high-quality land in core cities, with a notable increase in bidding activity for premium plots [11][15] - The competitive landscape for land acquisition is intensifying, particularly in first- and second-tier cities, where high premium land transactions are common [15][17] Policy Direction - The central government has prioritized the revitalization of idle land and commercial properties, providing a framework for regulatory adjustments [9][10] - Recent policies emphasize the supply of high-quality residential land, aligning with market demand and supporting the construction of "good houses" [18][20] Market Outlook - The trend of high premium land sales is expected to continue, particularly in core cities, as developers remain optimistic about market recovery [15][21] - The focus on quality housing and strategic land acquisition is seen as essential for navigating current market challenges [21]

其中在提高住宅建设标准及发布技术导则方面，各地积极探索：如湖北省结合地方实际，围绕提升住房 品质的关键要素，聚焦规划建筑设计、建筑设备、施工建造、保障与服务等方面提出了具有湖北特色的 工程建设标准。北京发布《住宅工程质量品质提升技术标准》，从项目防水工程、室内空间、室内噪声 和室内空气质量等方面，提出了标准提升要求等。浙江省发布《住宅品质提升设计导则（试行）》，以 安全、舒适、绿色、智慧为目标，从规模、布局、功能、性能和关键技术措施等方面，对住宅项目的建 设、使用和维护提出技术指导方案。 据中指院报发布的报告，2024年以来，已有约40省市出台了好房子技术导则或相关设计规范，聚焦民生 痛点，切实回应居民对高品质住宅的需求。 2025年以来，"好房子"建设始终是房地产政策体系的核心议题。3月，"好房子"首次被写入《政府工作 报告》，体现出政府对于"好房子"建设的高度重视。3月31日，住建部发布国家标准《住宅项目规 范》，为住房品质建设划定基准线。4月25日，政治局会议提出"加快构建房地产发展新模式，加大高品 质住房供给…"，行业从规模扩张转向质量提升的转型路径进一步清晰。6月13日，国务院常务会议指 出"要扎实 ...