上周，中海在南京多盘大降价的消息大规模发酵，愤怒的业主们占领了小红书等各个论坛。 中海地产在南京至少有3个大幅降价，分别是：观江樾、观文澜、和山。 江北青奥板块的观江樾，2022年首次开盘价格34620元/平米（毛坯限价32620元/平米+2000元/平米精装包），现在单价2.3万元/平米，降幅33.6%。 观江樾项目是在2021年9月拿的地，地价21207元/平米，目前单价只比地价高了2000块。 有人给中海算了一笔账：土地成本21207元/平+建安成本4500元/平+3年融资成本1412元/平，合计综合成本超过2.7万元/平米。 观江樾的户型最小为100平米，最大142平米，这批房源中海每卖一套房至少要亏40-60万。 观江樾项目对外的说辞是"尾盘清盘"，所以才出的特价房，但有媒体调查现实，项目还有200套左右房源待售，量并不小。 中海南京观江樾二手房信息，来源：贝壳 位于栖霞区仙林湖板块的观文澜，2022年首次开盘价格接近3.7万/平米，目前单价降到了2.4万/平米，低楼层户型甚至低至2.2万/平米，直接甩出了区域同 类产品最低价。 观文澜地块也是中海在2021年9月拍下的，楼面价19543元/平米，还 ...

Core Viewpoint - The auction of the once-coveted Xuhui Riverside land in Shanghai has failed to attract buyers, reflecting a significant shift in the real estate market dynamics and investor sentiment over the years [1][3][11] Group 1: Market Conditions - The starting price for the land was set 20% lower than the previous year, yet there were no bidders, indicating a lack of confidence in the market [1] - The area, once a hotspot for investment, has seen a surge in commercial supply since 2018, leading to rising vacancy rates and stagnant rental prices [5][9] - The financial logic and market preferences have shifted, with a move away from long-term, high-risk investments in commercial properties [7][11] Group 2: Company Actions - Li Ka-shing's Cheung Kong Holdings, which previously invested heavily in the land, has chosen not to participate in the recent auctions, signaling a strategic withdrawal from high-risk investments [3][9] - The company is observing the market decline and has opted to refrain from further investment, indicating a cautious approach in light of the current economic climate [5][11] - The decision not to bid, despite having the opportunity, suggests a calculated assessment of the financial viability of the project, which is now seen as a burden rather than an asset [9][11] Group 3: Future Implications - The situation reflects broader trends in the real estate sector, where high debt and over-optimistic future projections are no longer sustainable [9][11] - The lack of interest in the land raises questions about the future of similar high-value projects and whether they will continue to attract investment [7][9] - The current market environment suggests that traditional strategies of land acquisition and holding for appreciation are becoming obsolete, necessitating a reevaluation of investment strategies [7][11]

惠誉评级亚太区企业评级董事总经理王颖表示，中国重点城市房地产市场总体呈现 筑底企稳趋势。今 年 1-4 月，新房、二手房成交规模同比、环比均实现增长。从成交结构看，改善性需求成为新房市场的 重要支撑，120 平方米以上户型的成交占比有所提升。一线城市的二手房价格出现波动并有筑底迹象。 ...

深圳华侨城股份有限公司投资者关系活动记录表 三、公司在市值管理方面有什么举措？ 近年来，国资委和证券监管部门提高对上市公司，尤 其是央企控股上市公司市值管理的要求。公司亦高度重视 市值管理工作，积极落实上级单位要求、听取股东建议， 努力构建业绩增长推动市值提升、市值管理助力价值回归、 价值释放驱动企业发展的管理闭环，建立了以《市值管理 | 制度》和《估值提升计划》为主体的市值工作工作机制， | | --- | | 并采取控股股东增持、回购股份注销等举措，提振市场信 | | 心。 | | 下一步，公司将继续加强市值管理工作，坚持诚实守 | | 信、规范运作、专注主业、稳健经营的原则，并根据自身 | | 经营情况研究并制定市值提升举措，全力以赴提升公司经 | | 营水平和发展质量，持续向资本市场展现真实、透明、可 | | 期的企业价值。 | | 四、公司如何做好到期债务的偿还工作？ | | 公司存量债务以中长期银行借款为主，并严格按照 | | "631"管控原则进行债务风险防控，确保各项债务如期兑 | | 付。 | | 五、中央经济工作会议非常强调文旅这一块的发展，公司 | | 文旅业务运营情况如何？ | | 文 ...

Exhibition Overview - The International Builders' Show (IBS) is one of the most influential events in the construction industry, organized by the National Association of Home Builders, which has 200,000 member units [1] - The 2025 IBS in Las Vegas attracted over 1,300 exhibitors from 29 countries, covering a net area of more than 45,000 square meters and welcoming over 60,000 attendees from various sectors [1] - The 2026 IBS will be held in Orlando, Florida, aiming to better serve exhibitors and attendees while showcasing the latest technologies and materials in the building materials industry [2] Market Analysis - According to the U.S. Department of Commerce, the U.S. goods trade deficit increased by 1.0% in the first nine months of 2015, with total imports at $1,684.3 billion and exports at $1,133.3 billion [3] - The U.S. construction materials industry is experiencing a strong recovery, driven by the rebound in the real estate market, with particular attention on home decoration materials and cement [3] - The ongoing recovery in the U.S. real estate market is expected to continue, supported by favorable factors such as a recovering job market, which will stimulate sales of building materials [3] Exhibition Scope - The exhibition will cover a wide range of categories including construction machinery, building materials, sanitary ware, and home automation products [4][5] - Specific categories include construction machinery, doors, windows, glass, cement, insulation materials, and various home appliances [4][5]

首付比从最初的30%下跌至15%，部分地区甚至打出零首付购房的口号。 与此同时，房贷利率也随之下降，从最初的6%以上到如今，大部分地区已经跌至2.9%左右，甚至部分 地区能给到更低。 各大开发商也打出清盘，促销的口号，最后几套，挥泪内甩卖！ 然而正当你以为这下是捡了便宜的时候，房子还没住上，就发现自己真的又上当了。 两个月前买的房子，和现在买的，同户型同楼层，价格竟然能相差60万。 我们先从卖房子说起！ 梧通 作品 我们一起加油！ 想让房子卖出去，真的是想尽了一切办法，这房子好像不卖出去就过不下去了似的，而事实却又像是这 么一回事，房子还就必须得卖出去，不然问题更大！ 可以这么说吧，房子他关系到各个方面，尤其是前几年房地产发展火热的时候，可以说房地产与各个行 业都息息相关，甚至与当地的财政也有很大的联系。 恒大其实不也是因为这个问题吗？ 一旦大量房企爆雷，那么它会直接影响他相关的建材，装修，家电等等。 而涉及建材，装修，家电，中介物业这些行业的相关从业人员，他们的收入也会受到影响，甚至会有一 大批从业人员出现失业的情况。 相对于银行来说，一旦房子没有卖出去，他也要面临巨大的风险，房地产商从银行贷款，它所占据银 ...

Core Viewpoint - The new management team at Yuexiu Property faces the challenge of revitalizing the commercial sector, which has been underperforming due to market downturns [1][6]. Management Changes - Yuexiu Property announced the appointment of Jiang Guoxiong as the new chairman for both Yuexiu Services and Yuexiu REIT, replacing Lin Deliang and Zhu Hu Song respectively [2][4]. - Jiang Guoxiong has a rapid career progression within Yuexiu, having held various leadership roles since November 2020, including positions in the Central and Southwest regions [2][3]. Performance Overview - Yuexiu REIT reported a total revenue of 2.032 billion yuan in 2024, a decrease of 2.7% year-on-year, primarily due to a decline in office property income [5]. - The office income for Yuexiu REIT was 1.15 billion yuan, accounting for 56.6% of total revenue, and saw a year-on-year decline of 4.5% [5]. - Yuexiu Services experienced a total revenue of 3.868 billion yuan, reflecting a 20% increase year-on-year, but net profit fell by 27.5% to 353 million yuan due to a significant goodwill impairment [5]. Future Challenges - The overall real estate market remains under pressure, and the commercial and property sectors have not yet shown signs of recovery, presenting a significant challenge for Jiang Guoxiong in leading Yuexiu's commercial segment out of its current low performance [6].

1 Disclaimer This presentation has been prepared by Powerlong Real Estate Holdings Limited (the "Company") for your reference only. The information contained in this presentation has not been independently verified. The Company does not make any representation, warranty or undertaking, whether express or implied, on and no reliance should be placed on, the fairness, accuracy, suitability, completeness or correctness of the information or opinions contained herein. Any summary does not purport to be complete ...

Core Viewpoint - The real estate market in China has shown signs of stabilization and recovery since the first quarter of 2025, driven by supportive policies and improved market confidence [1] Group 1: Market Trends - The report indicates that various indicators of the real estate market began to improve and stabilize in the fourth quarter of 2024 due to a series of policy supports [1] - Since the first quarter of 2025, market transactions have gradually stopped declining and started to stabilize [1] Group 2: Land Acquisition - In 2024, real estate companies exhibited a high degree of similarity in land acquisition choices, primarily focusing on core plots in first and second-tier cities [1] - Leading real estate firms are leveraging their financial advantages to strategically increase their reserves of high-quality land resources in major cities [1] - Competition for key plots is intense, while many small and medium-sized firms are constrained by liquidity pressures, leading to a contraction in their investment scope [1] Group 3: Strategic Opportunities - Companies are encouraged to actively seize structural opportunities by exploring the diverse structural demands of different cities and homebuyer groups [1] - Enhancing the ability to realize value from inventory is crucial for driving sales growth and improving cash flow [1]

Core Viewpoint - The real estate market is expected to stabilize in 2025, but a nationwide recovery is unlikely, with only localized stabilization anticipated [1]. Group 1: Market Trends - Signs of stabilization are emerging in first and second-tier cities, while third and fourth-tier cities face prolonged adjustment periods due to high inventory and insufficient demand [3]. - New home sales and construction indicators are projected to decline year-on-year in 2025, but are expected to bottom out and stabilize in 2026 [3]. - The new home market's policy adjustments are accelerating the transaction cycle of second-hand homes, positively impacting second-hand home prices [3]. Group 2: Institutional Perspectives - Multiple institutions, including Morgan Stanley, agree that the real estate market may stabilize next year, but short-term pressures remain significant [5]. - The government aims to consolidate the stability of the real estate market, indicating that while some recovery has been achieved, further efforts are needed for comprehensive recovery [5]. Group 3: Regional Insights - In Beijing, from January to April, new residential sales area reached 3.212 million square meters, a year-on-year increase of 5.8%, with a slight month-on-month price increase of 0.1% in April [7]. - The market in Beijing is showing signs of "structural stabilization," supported by improving supply-demand dynamics, but a full recovery is still not in sight [7]. - Future policies may include easing restrictions in high-demand areas, which could help absorb external demand and sustain market recovery [7].