Group 1 - The core point of the article highlights the successful launch of the second phase of Jinling Huating in Shanghai, which sold out with a total sales amount of 9.843 billion yuan, averaging over 82 million yuan per unit [2][7]. - The project attracted 227 effective customer groups during a four-and-a-half-day subscription period, resulting in a subscription rate of approximately 189% [2]. - The project did not trigger the point ranking selection rule due to the ratio of subscription groups to available units being less than 2.5:1, allowing for a quicker market entry [2]. Group 2 - The second phase of Jinling Huating includes 120 units with sizes ranging from approximately 360㎡ to 875㎡, with an average price of 205,000 yuan per square meter [2][4]. - The most expensive unit in this phase is a top-floor duplex with an area of 865㎡, priced over 282 million yuan, making it the highest recorded unit price in Shanghai [4]. - The project is part of Kerry Properties' largest investment project in mainland China, with a total expected investment of 40 billion yuan [7]. Group 3 - Kerry Properties reported a consolidated revenue of 99.54 billion HKD in the first half of the year, a 65% year-on-year increase, with property sales revenue rising by 176% to 64.22 billion HKD [7]. - The company’s net profit attributable to shareholders decreased by 22% to 612 million HKD, primarily due to a decline in rental and other income [7]. - The recent surge in Shanghai's real estate market saw 22 projects opening for subscription, with several achieving over 100% subscription rates, indicating a revitalized market [8][9].

Core Viewpoint - The recent launch of the Jinling Huating Phase II project in Shanghai achieved remarkable sales, with a total sales amount of 9.843 billion yuan, indicating strong demand in the real estate market despite economic challenges [1][9]. Group 1: Sales Performance - The Jinling Huating Phase II project sold out its 120 units within a short period, with an average total price exceeding 82 million yuan per unit [5][9]. - The project attracted 227 effective customer groups during a 4.5-day subscription period, resulting in a subscription rate of approximately 189% [2][9]. - The most expensive unit in the project, a top-floor duplex, has an area of 865 m² and a total price exceeding 282 million yuan, making it the highest-priced new home in Shanghai [6][9]. Group 2: Market Context - The overall real estate market in Shanghai has seen increased activity, with 22 projects opening for subscription in the past week, and several projects recording subscription rates above 100% [10][11]. - The market is characterized by a significant increase in supply, with a 454.98% week-on-week rise in new listings, primarily focused on mid-to-high-end products [10][11]. - Despite the positive sales performance, the chairman of Kerry Properties expressed caution regarding the short-term economic and real estate market challenges, emphasizing the need for vigilance [9].