Core Insights - Longfor Group (00960.HK) reported a contract sales amount of RMB 2.45 billion in January 2026, with a contract sales area of 300,000 square meters [1] - The contract sales amount attributable to shareholders was RMB 1.66 billion, with an area of 231,000 square meters [1] - The company achieved operational revenue of approximately RMB 2.27 billion in January 2026, with a tax-inclusive amount of about RMB 2.43 billion [1] Sales Performance - The operational revenue included approximately RMB 1.25 billion from operational income (tax-inclusive amount of about RMB 1.35 billion) and RMB 1.02 billion from service income (tax-inclusive amount of about RMB 1.08 billion) [1] - The total contract sales area for January 2026 was 300,000 square meters, indicating a significant volume of transactions [1] Land Acquisition - In January 2026, Longfor Group added two new land reserves, with a total construction area and attributable construction area of 142,900 square meters [1] - The equity land price for these acquisitions was RMB 865 million [1]

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，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 LONGFOR GROUP HOLDINGS LIMITED 上述數據未經審核，乃根據本集團初步內部資料編製，鑒於收集該等數據過程中存在各種不確定 因素，該等數據與本公司按年度或半年度刊發的經審核或未經審核綜合財務報表中披露的數字 可能存在差異，因此上述數據僅供投資者參考。投資者買賣本公司證券時務須謹慎行事，避免不 恰當地依賴該等資料。如有任何疑問，投資者應尋求專業人士或財務顧問的專業意見。 龍湖集團控股有限公司 於二零二六年一月，本集團實現經營性收入約人民幣22.7億元（含稅金額約人民幣24.3億元）；其中 運營收入約人民幣12.5億 元（含 稅 金 額 約 人 民 幣13.5億 元），服 務 收 入 約 人 民 幣10.2億 元（含 稅 金 額 約人民幣10.8億 元）。 於二零二六年一月，本集團新增兩塊土地儲備，總建築面積和權益建築面積均為14.29萬平方米， 權益地價人民幣8.65億元。 二零二 ...

Core Viewpoint - Sun Hung Kai Properties (00016) has seen a nearly 6% increase in stock price, reflecting positive investor sentiment driven by its strong land reserves and investment property portfolio [1] Group 1: Company Overview - Sun Hung Kai Properties is the largest real estate developer in Hong Kong, with a substantial land reserve of approximately 19.7 million square feet, including significant agricultural land that is expected to benefit from the accelerated development of the Northern Metropolis [1] - The company acquired six residential land parcels last year through government tenders and land use conversions, which are expected to provide over 3 million square feet of attributable gross floor area, supporting a projected pre-tax profit margin exceeding 30% due to favorable land costs [1] Group 2: Market Outlook - Citigroup indicates that investors anticipate a rising cycle for Hong Kong property prices this year, with potential supply issues if the government accelerates land sales [1] - Compared to other regions in Asia-Pacific, Hong Kong real estate stocks remain attractive in terms of valuation (NAV discount or price-to-book ratio), but companies need to demonstrate uniqueness and actual performance to support further stock price revaluation [1]

Investment Rating - The report does not explicitly provide an investment rating for the real estate industry Core Insights - Key monitored enterprises acquired 30 plots of land with a total transaction amount of 14.76 billion yuan [5] - Major brand real estate companies completed 4 financing transactions, totaling 1.639 billion yuan [5] Land Reserves - Recent land acquisition details include: - In Tianjin, two urban renewal residential plots were sold for a total of 306 million yuan, with floor prices of 4,869 yuan/m² and 3,621 yuan/m² respectively [8] - In Chengdu, a residential plot in the Xindu District was sold for 107 million yuan, with a floor price of 5,000 yuan/m² [9][10] - In Wuhan, four plots in the main urban area were sold for a total of 1.75 billion yuan, with floor prices ranging from 4,251 yuan/m² to 23,862 yuan/m² [11] - In Guangzhou, a residential plot was sold for 315 million yuan at a floor price of 4,642 yuan/m² [12] Investment Financing - Recent financing activities include: - Guangxi Tourism Development Group issued 500 million yuan in medium-term notes with an interest rate of 2.56% [17] - Kunming Land Development Investment Company issued 499 million yuan in short-term financing notes with an interest rate of 2.65% [18] - Beijing Investment Development successfully issued 440 million yuan in medium-term notes with an interest rate of 2.09% [19][20] - Hubei Jingmen Urban Construction Group issued 200 million yuan in medium-term notes with an interest rate of 2.16% [21] Corporate Dynamics - Gree Group and Huafa Group signed a strategic cooperation agreement to deepen collaboration in five core areas, including island tourism and urban development [22]

Group 1 - In the top 20 cities, 16 are core first and second-tier cities, with land transfer fees exceeding 140 billion yuan in Beijing, Hangzhou, and Shanghai, and Hangzhou's fees surpassing the total for 2024 in the first seven months [1] - The sales performance of the top 100 real estate companies is under pressure, with total sales expected to decline by 18.4% year-on-year to approximately 25,209 billion yuan in 2025, while the number of companies exceeding 10 billion yuan in sales has decreased [2][4] - The top 100 companies' land acquisition total is projected to reach 9,640 billion yuan in 2025, reflecting a year-on-year increase of 3.9% [2][7] Group 2 - The sales ranking of real estate companies is undergoing a reshuffle, with the top 10 companies accounting for 49.8% of total sales, an increase of 1.5 percentage points from 2024 [4] - Poly Developments leads the sales ranking with 253 billion yuan, followed closely by Greentown China, China Overseas Property, and China Resources Land, all exceeding 200 billion yuan in sales [4][5] - The land acquisition strategies of real estate companies remain cautious, with a focus on core cities, and the top 20 cities account for 52% of national land transfer fees, indicating a shift towards more stable markets [8][9]

Core Viewpoint - Longfor Group (00960) announced a total contract sales amount of 63.16 billion yuan and a contract sales area of 5.186 million square meters by the end of December 2025 [1] Group 1: Sales Performance - In December alone, the total contract sales amount reached 3.77 billion yuan, with a contract sales area of 447,000 square meters [1] - The contract sales amount attributable to the company's shareholders was 2.38 billion yuan, with an area of 286,000 square meters [1] - The total contract sales amount for the year 2025 was distributed regionally: 18.24 billion yuan in the West, 15.21 billion yuan in the Bohai Rim, 17.17 billion yuan in the Yangtze River Delta, 5.74 billion yuan in Central China, and 6.8 billion yuan in South China [1] Group 2: Land Acquisition - In December 2025, the company added a new land reserve with a construction area of 63,600 square meters and an equity land price of 766 million yuan [1] Group 3: Revenue Generation - By the end of December 2025, the company achieved operating revenue of approximately 26.77 billion yuan (including tax amounting to about 28.54 billion yuan), with operational revenue around 14.19 billion yuan and service revenue approximately 12.58 billion yuan [1]

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，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 LONGFOR GROUP HOLDINGS LIMITED 龍湖集團控股有限公司 （於開曼群島註冊成立之有限責任公司） （股份代號：960） 上述數據未經審核，乃根據本集團初步內部資料編製，鑒於收集該等數據過程中存在各種不確定 因素，該等數據與本公司按年度或半年度刊發的經審核或未經審核綜合財務報表中披露的數字 可能存在差異，因此上述數據僅供投資者參考。投資者買賣本公司證券時務須謹慎行事，避免不 恰當地依賴該等資料。如有任何疑問，投資者應尋求專業人士或財務顧問的專業意見。 承董事會命 龍湖集團控股有限公司 主 席 陳序平 香港，二零二六年一月十二日 龍 湖 集 團 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）董 事 會（「董事會」）公 佈，截 止 二零二五年十二月末，本集團累計實現總合同銷售金額人民幣631.6億元，合同銷售面積518.6萬平 方米，十二月單月實現總 ...

Core Viewpoint - China Overseas Development reported a slight decline in property sales for the year ending December 31, 2025, with a total sales amount of approximately RMB 398.32 billion, reflecting a year-on-year decrease of 1.0% [1] Property Sales Summary - For the year 2025, the cumulative contract property sales amounted to approximately RMB 2,512.31 billion, representing a year-on-year decline of 19.1% [1] - The total sales area for the same period was approximately 10.56 million square meters, down 8.1% year-on-year [1] - As of December 31, 2025, the company recorded recognized property sales of approximately RMB 28.28 billion, expected to convert into contract property sales in the coming months [1] Land Acquisition Summary - In December 2025, the company acquired three land parcels in Changsha, Shenzhen, and Beijing, with a total equity building area of approximately 212,900 square meters and an equity land price of about RMB 4.406 billion [1] - For the entire year of 2025, the cumulative equity building area of newly acquired land was approximately 4.4455 million square meters, with a total equity land price of around RMB 92.423 billion [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]

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].