Group 1 - The core viewpoint of the article highlights the ongoing development and planning of the DX00-0202-0188 land parcel in the Daxing New Town East Group, which includes residential and public facilities [1] - The planned area for the project is approximately 4.33 hectares, with a total building scale of about 38,500 square meters [1] - The project includes various land use types such as Class II urban residential land, social parking lots, and park green spaces [1] Group 2 - The residential land (R2) within the project has an area of 2.14 hectares, a building area of 38,500 square meters, a floor area ratio of 1.8, and a height limit of 36 meters [1] - The location of the land parcel is between the Fifth and Sixth Ring Roads, approximately 1.2 kilometers from the Qingyuan Road Station on Metro Line 4, with nearby amenities including shopping centers and hospitals [1] - Previous projects in the Daxing New Town East Group, such as Daxing Star City and Green City Xiaoyue, have an average transaction price of about 52,000 yuan per square meter [1]

Core Viewpoint - The company confirmed that approximately 370 acres of industrial land in its old factory area in Hainan Chengmai has received government approval for development as residential land, but it is currently used for non-woven new material research, production, storage, and related health consumer products customization [1] Group 1 - The company is actively monitoring and will keep track of the planning adjustments for the land in the jurisdiction [1] - Investors are advised to pay attention to investment risks associated with the land development [1]

Core Viewpoint - Shenzhen International (00152) has received approval from the Longhua District government for the second phase of the South China Transformation Project, marking a significant step in its development strategy [1] Group 1: Project Approval and Development - The land parcel (02-20-02) has been officially approved for development, allowing the company to proceed with land transfer procedures [1] - The land is designated as Class II residential land, covering an area of 25,008 square meters with a planned plot ratio of 5.8 [1] - The company aims to develop a high-quality demonstration residential project, focusing on timely sales collection and cash flow management [1]

Core Viewpoint - The recent land auction in Beijing's Fengtai District for the Zhangguozhuang plot, which sold for 1.354 billion yuan, marks a significant collaboration between two subsidiaries of China State Construction Engineering Corporation, indicating a strategic move in the real estate market despite previous challenges in land acquisition [3][4][22]. Group 1: Land Auction Details - The Zhangguozhuang plot, designated for residential use, covers an area of 3.18 hectares with a planned construction area of approximately 47,750 square meters [4]. - The floor price for the land was set at 28,400 yuan per square meter, which is lower than the 31,500 yuan per square meter for a nearby plot, indicating potential profitability for the developers [5][16]. - The plot has a unique triangular shape but benefits from proximity to the subway, enhancing its attractiveness for development [15]. Group 2: Development History - The Zhangguozhuang plot has undergone three rounds of bidding, with the first two attempts failing due to the burden of a combined commercial and residential offering [11][13]. - The third attempt succeeded, with the plot finally being auctioned on December 16, 2025, after delays attributed to slow progress in municipal infrastructure development [14][19]. Group 3: Infrastructure Challenges - Delays in the completion of essential municipal infrastructure have been a significant factor in the repeated failures to auction the land, with key projects now expected to be completed by the end of 2026 [17][21]. - The infrastructure plan includes 12 projects, with several deadlines pushed back, impacting the overall timeline for land development [19][20]. Group 4: Company Strategies - The collaboration between China State Construction's subsidiaries, China State Construction Engineering Corporation and China State Construction Zhidi, is unusual, as these entities typically compete against each other in land acquisitions [22][23]. - China State Construction Engineering Corporation's subsidiary, China State Construction Management, is not primarily a real estate developer but engages in urban comprehensive development and PPP projects, which may provide strategic advantages in land acquisition [24][25]. Group 5: Financial Performance - In 2024, China State Construction Management reported revenues of 8.986 billion yuan, a year-on-year increase of 3.52%, although net profits decreased by 5.7% [26]. - The company has previously engaged in successful land acquisitions, such as the 560 million yuan purchase of a plot in Yanqing New Town, demonstrating its capability in the real estate market [28].

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之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 GUANGDONG – HONG KONG GREATER BAY AREA HOLDINGS LIMITED 於本公告日期，本公司現有土地儲備總佔地面積約140萬平方米，詳情載列如下： | | | | | | 確認時間╱ | | | --- | --- | --- | --- | --- | --- | --- | | 未開發 | | 佔地面積 | | 合約時間╱ | 預期收入 | 截至本公告 | | 地塊 | 位置 | （平方米） | 擬定土地用途 | 預期合約時間 | 確認時間 | 日期的進度 | | 地塊1 | 蘭州 | 25,000 | 2025年至2027年預 | 2025年 | 2025年 | 潛在客戶正在進行 | | | | | 計總容量為50兆 | 第四季度 | 第四季度至 | 內部審批程序。 | | | | | 瓦的高性能數據 | | 2027年 | | | | | | 中心開發 | ...