本周二（8月26日）金隅0017地块总平图出炉，3天后，西侧中建壹品0016地块的设计方案姗姗来迟。 0016地块占地约2.4公顷，总建筑面积约8.01万㎡，其中地上建面约5.04万㎡，地下2.97万㎡。 规划11栋7-11F洋房，主力建面100㎡-120㎡区间，少量140㎡-180㎡大户型产品。 与东边0016地块一样，也没有做架空层。 部分层高不足3米，但无限接近。 下沉庭院不在大门口，而是隔着一栋住宅楼在小区正央位置，面积大约900平米，会做成立体下沉会所。 据说中央围绕下沉庭院布置的三栋是楼王栋，南侧有超级园林，面积在7000平米左右。 北京进深 徐迪 两个多月前，海淀宝山双子同日出让。 根据出让文件，0016地块内含1处社区卫生服务站，建面不低于550平方米；1处社区养老服务驿站，建面约1000平方米。 | 序 | 规划地块 | 用地 | 用地规模 | 控制 | 容积 | 地上建筑规模 | 绿地 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | हे | 第号 | 性质 | (平方米) | 高度 | 率 | (平方米) | 率 ...

公 司 点 房地产行业 销售稳居行业首位，融资成本进一步下降 2025 年 8 月 26 日 投资要点： 本报告的风险等级为中风险。 本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读末页声明。 ROE（TTM） 0.15% 资料来源：东莞证券研究所，Wind 持有（维持） 保利发展（600048）2025 年中报点评 分析师：何敏仪 SAC 执业证书编号： S0340513040001 保利发展（600048）发布2025年中报，上半年公司累计实现营业收入 1168.57亿元，同比减少16.08%；归母净利润27.11亿元，同比下降 63.47%。基本每股收益0.23元，同比下降63.4%。 评 电话：0769-22177163 邮箱：hmy@dgzq.com.cn 主要数据 2025 年 8 月 25 日 收盘价(元) 8.30 总市值（亿元） 993.55 总股本(百万股) 119.70 流通股本(百万股) 119.70 上半年业绩同比下降六成三，符合预期。2025年上半年，公司累计实现 营业收入1168.57亿元，同比减少16.08%；利润总额 ...

Core Viewpoint - The "Hualian Luanshanfu" project, which has faced numerous delays since its planning in 2006, is finally set to enter the market after nearly two decades of development challenges, with a recent announcement of its resumption of construction in 2024 [1][13]. Project Overview - The project is located in the Bao'an District, specifically at the intersection of Guangshen Highway and Hangcheng Avenue, and is a collaboration between Hualian Holdings and Hengyu Group, with a construction planning permit expected to be issued in January 2025 [4]. - The total construction area is approximately 124,300 square meters, with a land area of about 21,900 square meters, a floor area ratio of 4.19, and a green space ratio of 25% [6]. - The development consists of seven buildings, including five residential towers ranging from 28 to 38 stories, totaling 504 units, along with a six-story commercial building and a 21-story office building [7]. Design and Amenities - The project features a high-end residential configuration, including a heated swimming pool and optimized design elements such as the shape and location of the rooftop landscape pavilion and swimming pool [3][8]. - The residential units will range from approximately 96 to 119 square meters for flats and 133 to 170 square meters for duplexes, with sales expected to begin in October [10]. Market Context - The project is positioned in a highly sought-after area where residential land is scarce, which is anticipated to alleviate the demand for new housing in the region [11]. - The surrounding infrastructure includes access to the Metro Line 12 and the upcoming Line 20, as well as educational institutions and shopping centers, enhancing the project's attractiveness [10]. Company Background - The development is managed by Shenzhen Jinghengtai Real Estate Development Co., Ltd., which has undergone several name changes and is fully owned by Hualian Holdings [15][17]. - Hualian Holdings' involvement in the project reflects its strategic commitment to resolving historical issues and strengthening its presence in the Shenzhen real estate market [22].

Group 1 - The core point of the article is that the Yuexiu Yun Cui project is set to launch soon, with significant interest from potential buyers, indicating a strong demand in the real estate market [1][2]. - The project has received over 300 expressions of interest, with 105 units available in the first phase, resulting in a competition of approximately three buyers per unit [2]. - The land for the Yuexiu Yun Cui project was acquired by Yuexiu Property for 1.415 billion RMB, with a floor price of 33,623.6 RMB per square meter, following a competitive bidding process involving multiple major developers [3][5]. Group 2 - The land is classified as Class II residential land, covering an area of 21,010 square meters, with a planned gross floor area of 42,088 square meters and a plot ratio of 2.5 [5]. - The project is located near the previously successful Yuexiu Yun Yue phase one, which has seen a high sales rate of over 90% [7]. - The new project will offer units with areas of approximately 88㎡, 107㎡, and 117㎡, with an expected usage rate of around 120% [8][10]. Group 3 - The anticipated market price for the units is between 58,000 to 65,000 RMB per square meter, with the possibility of surprises at launch [10]. - The project is situated in the Tonghe area, at the intersection of Tianhe and Baiyun districts, close to the under-construction Metro Line 18 and various lifestyle amenities, indicating a mature residential environment [10]. - The development is managed by Guangzhou Hexiu Real Estate Development Co., Ltd., established in May 2025, with a registered capital of 731.5 million RMB [10].