Core Viewpoint - Yuexiu Property announced the sale of a 65% stake in Beijing Haizhen Real Estate Co., Ltd. for approximately RMB 4.15 billion to China Resources Land, aiming to quickly recover capital and enhance capital turnover efficiency [2][4]. Group 1: Transaction Details - The transaction involves the sale of the stake in Haizhen Real Estate, which corresponds to the Huode Temple project in Haidian District [3]. - The project was part of the "Twin Stars" land parcels acquired last year, with Yuexiu winning the bid for RMB 6.38 billion for one of the parcels [3]. - The net asset value of Haizhen Real Estate as of December 31, 2024, is reported to be RMB 6.38 billion, with a pre-tax profit of approximately RMB 43.88 million [3]. Group 2: Project Performance - Both projects, HeYueYun and HeYueYuming, launched on March 21, 2023, have seen strong sales performance, with a transaction rate exceeding 70% [2][5]. - HeYueYuming offered 444 units, achieving a sales amount of RMB 6.71 billion, while HeYueYun had 639 units with a sales amount of RMB 7.86 billion [6]. - The average transaction price for HeYueYuming is approximately RMB 104,850 per square meter, while HeYueYun is around RMB 10.5 million per square meter [6]. Group 3: Market Context - The projects are located in a prime area near major tech companies and educational institutions, enhancing their market appeal [5]. - Despite the strong performance of these two projects, the overall market remains competitive, with other nearby projects experiencing slower sales [5][6].