Group 1: Real Estate Market Trends - In September 2025, the new residential property prices in first-tier cities decreased by 0.7% year-on-year, with the decline narrowing by 0.2 percentage points compared to the previous month [1] - The second-hand residential property prices in first-tier cities fell by 3.2% year-on-year, with the decline narrowing by 0.3 percentage points compared to the previous month [2] - In second and third-tier cities, new residential property prices decreased by 2.1% and 3.4% year-on-year, respectively, with both declines narrowing by 0.3 percentage points [1] Group 2: Land Supply and Transactions - Shanghai has released the ninth batch of residential land for sale, including 9 plots across various districts, totaling an area of 29.58 hectares, with transactions expected to begin in late November [3] - Shenzhen recorded a weekly transaction of 1,696 second-hand homes, marking a 39.1% increase and setting a new six-month high, driven by policy support and seasonal demand [4] Group 3: Corporate Actions - The controlling shareholder of Shen Shen Real Estate A plans to reduce its stake by up to 1% of the total share capital, amounting to a maximum of 10.1166 million shares, within three months after 15 trading days [5]

Group 1: Real Estate Market Trends - In September 2025, the new residential property prices in first-tier cities decreased by 0.7% year-on-year, with the decline narrowing by 0.2 percentage points compared to the previous month [1] - The second-hand residential property prices in first-tier cities fell by 3.2% year-on-year, with the decline also narrowing by 0.3 percentage points from the previous month [2] - In September, Shanghai saw an increase of 5.6% in new residential property prices, while Beijing, Guangzhou, and Shenzhen experienced declines of 2.6%, 4.1%, and 1.8% respectively [1] Group 2: Land Supply and Transactions - Shanghai released its ninth batch of residential land for sale, including 9 plots across various districts, totaling an area of 29.58 hectares, with trading activities set to begin in late November [3] - Shenzhen recorded a significant increase in second-hand home transactions, with 1,696 units sold in the week of October 14-20, marking a 39.1% increase and the highest weekly total in six months [4] - The surge in transactions in Shenzhen is attributed to policy support and the release of pent-up demand during the traditional peak season [4] Group 3: Corporate Actions - The controlling shareholder of Shen Shen Real Estate A plans to reduce its stake by up to 1% of the company's total shares, amounting to a maximum of 10.12 million shares, within three months after a 15-day trading period [5]