Core Viewpoint - The announcement from Kaisa Group (01813) indicates a significant increase in pre-sale revenue for September 2025, despite a decrease in the pre-sale area compared to the previous year [1] Group 1: Financial Performance - The pre-sale revenue for the group and its joint ventures and associates reached RMB 745 million, representing a year-on-year increase of 23.5% [1] - The pre-sale area for the group and its joint ventures and associates was approximately 17,400 square meters, which is a decrease of 37.9% compared to the same period last year [1]

Group 1 - The core point of the article highlights that Yuexiu Yuncui has recently obtained two pre-sale permits for a total of 127 residential units, with a total construction area of approximately 12,691.85 square meters, and unit sizes ranging from 88 to 121 square meters [1] - The project was launched on June 28, with an initial offering of 105 units at a starting price of approximately 53,000 RMB per square meter, achieving a near-complete sell-out shortly after [1] - The project is located in a mature residential area near the intersection of Tianhe and Baiyun districts, with proximity to the under-construction Metro Line 18 and various lifestyle amenities [4] Group 2 - The developer of the project is Guangzhou Hexiu Real Estate Development Co., Ltd., which was established in May 2025 with a registered capital of 731.5 million RMB [4] - The land for the project was acquired by Yuexiu Real Estate for 1.415 billion RMB on April 30, with a floor price of 33,623.6 RMB per square meter [2] - Another nearby project, Yuexiu Yunyue, launched in December last year, has also seen strong sales performance, indicating a positive market trend in the area [4]