每经记者｜陈荣浩 每经编辑｜陈梦妤 9月19日晚间，华侨城A（000069.SZ，股价2.5元，市值200.94亿元）连发多条公告，不仅官宣了董事长张振高、副董事长兼总裁刘凤喜离任，还选举吴秉琪 担任公司第九届董事会董事长。 来源：企业公告 公告提到，在总裁职位空缺期间，吴秉琪代行总裁职责，自本次董事会审议通过之日起至公司聘任新任总裁之日止。 资料显示，吴秉琪曾任华润物业有限公司董事、副总经理，华润营造（控股）有限公司董事、副总经理，华润置地有限公司副总裁、战略总监、成都大区总 经理、高级副总裁，华润置地有限公司党委副书记、总裁，中国建筑集团有限公司党组成员、副总经理。现任华侨城集团有限公司党委副书记、董事、总经 理，深圳华侨城股份有限公司党委书记、董事长。 业务层面，据华侨城A此前公告，2025年1—8月累计合同销售面积为81.5万平方米，同比减少6%；累计合同销售金额为121.7亿元，同比减少15%。8月份华 侨城A无新增土地情况。 在旅游综合业务方面，华侨城A旗下文旅企业2025年8月合计接待游客946万人次，同比下降6%。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险 ...

位于上海浦东唐镇板块的一批法拍房集中上架，在市场评估价基础上打了七折。 近日，位于上海市浦东新区唐镇板块的66套住宅房源，以远低于市场价的起拍价出现在京东资产处置平 台上。 图 1/6 一拍 预告中 10月13日 10:00:00开始 > 上海市浦东新区夏榕路58弄17号1102室 起拍价 ¥6,261,898 0人报名 | 64人关注| 3684人围观 京东资产交易 ⑦司法拍卖 ○无忧拍 ⑦一键贷款 竞拍身份:普通竞买人 1 阅读公告 2 交保报名 3 出价竞拍 4 竞价成功 5 支付款项 6 > 保证金 ¥ 323,000 查看如何支付? 起拍价 ¥ 6,261,898 加价幅度 ¥ 20,000 评估价 ¥ 8,945,568 延时周期 5分钟/次 ① 这批房源由北京市第二中级人民法院执行公开司法拍卖活动，将于2025年10月13日正式开拍。房源标的 所有人为上海枫丹丽舍房地产开发有限公司，根据天眼查，该公司的股东为上海融创睿丰置业有限公 司，后者的控股股东为上海融创房地产开发集团有限公司（持股51%），此外长安国际信托股份有限公 司也持股49%。 这66套房所在地"夏榕路58弄"，正是融创未来金融城— ...

Group 1: Event Overview - The 2025 Tianjin Autumn Real Estate Fair opened at the Meijiang Convention Center, themed "Quality Housing for a Charming Life" [1] - The fair featured over 98 projects and 18,000 new housing units, catering to diverse residential needs including first-time buyers and high-end markets [1][3] - The event attracted over 30 companies across the real estate industry, providing a comprehensive service from selection to moving in [1] Group 2: Market Trends - The real estate market in Tianjin has shown signs of recovery, with new residential sales reaching 693.62 million square meters from January to August, ranking 10th among 40 major cities in China [3] - The average sales price of new homes has seen a slight decrease of 0.4 percentage points compared to the previous month, indicating a balanced supply-demand situation [3] - The second-hand housing market has been more active than new homes, with a year-on-year price increase ranking 7th among 70 major cities [3] Group 3: Consumer Preferences - There is a growing demand for high-quality housing characterized by safety, comfort, and sustainability, which has become a focal point at the fair [2] - Developers are addressing common housing pain points through innovative solutions, such as improved kitchen ventilation systems to eliminate odors [2] - The fair has attracted interest from potential buyers, including those from Beijing, driven by favorable housing policies and educational opportunities in Tianjin [5]

Core Viewpoint - The "Green City Xiaofeng Yinyue" project has faced significant challenges in reputation and sales, primarily due to subpar property management and aesthetic criticisms, leading to a decline in market visibility and competitiveness [2][3][11]. Property Management Issues - Residents have reported dissatisfaction with property management, citing a monthly fee exceeding 8 yuan per square meter while receiving inadequate services, including uncleaned litter and poor maintenance of common areas [2][8][10]. - The property management has acknowledged these issues and stated that they are being addressed, including agreements with tenants of affordable rental housing to maintain the community environment [3][10]. Sales Performance - As of mid-September, "Green City Xiaofeng Yinyue" still has over 200 unsold units, with only about 300 of the 600 available units sold since its launch [11][12]. - The average selling price has decreased by over 10,000 yuan per square meter from its initial launch price of 88,000 yuan per square meter, reflecting a broader trend of declining property values in the area [11][12]. Market Context - The overall market for new homes in the Chaoyang District, where the project is located, is under pressure, with a significant inventory of unsold properties [15][16]. - Recent policy changes in Beijing aimed at stimulating the housing market may not significantly impact the sales of "Green City Xiaofeng Yinyue," as potential buyers remain hesitant [16]. Competitive Landscape - Compared to other projects in the same area, "Green City Xiaofeng Yinyue" is perceived as less competitive in terms of price-to-value ratio, with other developments offering better designs and pricing [12][13]. - The project was initially well-received due to its brand image from previous successful developments by Green City Group, but current performance indicates a shift in market perception [7][11].

Group 1 - The core point of the news is that Country Garden (碧桂园) plans to restructure nine public market bonds, adjusting the repayment arrangements for principal and interest, and offering various options for bondholders [2] - As of the end of June, the total outstanding balance of the nine bonds is 13.85828 billion yuan, including several specific bond series [2] - The proposed adjustments extend the principal repayment deadline to September 2, 2035, with a structured repayment plan starting from September 2, 2031, involving gradual payments over nine periods [2] Group 2 - Bondholders accepting the adjusted repayment arrangements must also agree to changes in credit enhancement measures, including the removal of certain guarantees and the non-consideration of asset value fluctuations due to market or policy reasons as defaults [3] - Country Garden offers three additional restructuring options for bondholders, including a cash buyback option, a stock-for-debt option, and a conversion to general debt [4] - The cash buyback option allows for a maximum of 450 million yuan to be used for repurchasing bonds at 12% of their face value, with different allocation ratios for various bonds [4] Group 3 - The stock-for-debt option involves issuing up to 1.46 billion new shares at a price of 2.6 HKD per share, with bondholders waiving all interest accrued on the relevant bonds [5][6] - The newly issued shares can be sold within 24 months, with any unsold shares being forcibly sold in the 25th month [6] - The general debt conversion option allows bondholders to convert their bond holdings into non-bond general debt, with a repayment date extended to 2033 and an interest rate of 1% per year [6]

该营地位于浦东新区华夏东路，毗邻上海迪士尼度假区、佛罗伦萨奥特莱斯及金桥经济开发区等，距浦 东国际机场约10分钟车程，距上海市中心1小时内车程。首期开放区域包含组团式庭院太空舱，分别针 对亲子家庭与宠物主人群体设计，设有专属活动区域及相应设施。 据悉，该项目是绿地"文旅+""1+N+X"模式的实践，即以度假区为核心，联动多个实体业态与跨界IP， 形成空间与内容的叠加效应。 绿地集团相关负责人表示，未来将把非遗文化传承、康养疗愈体验、大型主题节日及萌宠乐园运营等新 兴元素有机融入绿地"文旅+"产业版图，为推动浦东打造世界级旅游目的地、助力上海加速建设国际消 费中心城市，贡献绿地的创新力量与实践样本。 （文章来源：证券日报） 本报讯 （记者张文湘）9月19日，绿地控股集团股份有限公司（以下简称"绿地集团"）旗下三甲港绿地 哈比营地，在上海浦东三甲港绿地国际度假村正式开营。该项目定位为长三角地区"亲子亲宠"类旅游新 地标，旨在满足城市近郊微度假市场需求，加快绿地集团酒旅产业"文旅+"的战略转型升级。 开营仪式上，三甲港绿地哈比营地与中国健美操协会、主流宠物友好平台等合作伙伴正式签约。公开资 料显示，该项目依托三甲港 ...

Core Viewpoint - The new policy significantly benefits the outer ring real estate market in Shanghai, particularly for properties outside the outer ring, leading to increased demand and sales activity [4][9][102]. Policy Adjustments - The threshold for non-local residents to purchase property has been reduced from three years of tax or social security payments to one year, facilitating quicker home purchases for newcomers [3]. - Non-local residents are no longer restricted from buying properties outside the outer ring, reducing barriers for upgrading housing [3]. - Local single individuals are now considered as families, stimulating more local demand for improved housing [3]. Market Response - Following the policy announcement, the number of new clients for properties outside the outer ring increased by 19% [9]. - The transaction volume in outer ring areas showed a notable increase, with some areas experiencing over 50% growth in sales compared to the previous week [17][18]. - The average transaction price in several outer ring areas has also seen an uptick, with some areas like Chuan Sha witnessing a 12.82% increase post-policy [24]. Sales Performance by Area - Areas close to the outer ring, such as Chun Shen and Shang Da, have the highest viewing-to-listing ratios, indicating strong buyer interest [12]. - Specific neighborhoods like Tao Pu and Tang Zhen reported significant sales increases, with transaction volumes rising by 30.77% and 53.85% respectively [17]. - The average price of properties in some areas, such as Hua Jing, increased by 9.65% after the policy change [23]. Inventory and Pricing Trends - The overall inventory of second-hand homes in Shanghai remains high, with over 102,200 listings as of the end of August [33]. - Despite high inventory levels, the number of new listings in outer ring areas has decreased, suggesting a more stable pricing environment [34][37]. - The proportion of listings with increased prices has risen, indicating a shift in seller sentiment and confidence in the market [40][42]. New Construction Market - The new policy has primarily benefited the new housing market, with a 35% increase in transaction volume for new homes in the outer ring [82]. - The average daily visits to new developments have surged to between 80 and 100, reflecting heightened buyer interest [82]. - New projects in areas like Fengxian and Meilong have seen substantial sales, with top projects selling 170 and 150 units respectively [92]. Conclusion - The new policy has catalyzed a shift in the Shanghai real estate market, favoring properties in the outer ring and enhancing buyer confidence, particularly in new developments [102][109].

Core Insights - The article focuses on the evaluation of the comprehensive capabilities of real estate companies in China, highlighting the importance of delivery brand influence and the transition from scale competition to value coexistence in the industry [6][7]. Group 1: Rankings and Evaluations - The "2025 Mid-Year Comprehensive Capability Ranking of Chinese Real Estate Companies" was released, emphasizing the need for strategic upgrades in the industry [6]. - The first "Top 20 Delivery Brand Influence" list was published to provide a data-driven assessment framework for real estate companies and buyers [7]. Group 2: Market Trends - The real estate market is showing signs of marginal improvement, with a narrowing decline in both new and second-hand housing prices, although sales continue to decrease [9]. - In September, major cities like Shanghai, Hangzhou, and Chengdu saw a project turnover rate exceeding 60%, driven by the launch of hot projects [9]. Group 3: Policy Dynamics - Ten provinces and cities are piloting comprehensive reforms for market-oriented allocation of factors, granting local governments greater autonomy in land market management [12]. - The State Council is advancing the approval of mature asset types for REITs projects, with a focus on supporting rental housing projects [12]. Group 4: Land Supply and Auction Trends - The frequency of quality residential land sales has decreased, with land auction activity falling to its lowest level of the year [13]. - In the week of September 8-14, land supply increased slightly by 5%, while transaction volume decreased by 5%, indicating a cooling in auction enthusiasm [13]. Group 5: Product Insights - The concept of "Good Housing" is becoming a strategic development direction for residential products, transitioning from policy ideas to industry practices [15]. - Localization in housing design is evolving from details to a comprehensive approach, addressing the issue of homogenization in the market [16].

Group 1 - The core point of the article highlights the strong performance of the Kerry Jinling Huating project, which achieved a subscription rate of 190% and set a new record for new home registration prices in Shanghai at 32.68 million yuan per square meter [1][5][10] - Kerry Properties reported a contract sales amount of 16.186 billion HKD in the first half of the year, a year-on-year increase of 130%, and a reduction in the debt ratio by 3.1 percentage points [1][8][9] - The company aims to reduce its debt ratio to the low 30% range by the end of 2026 through the sales proceeds from the Jinling Huating project and other projects in Hong Kong and mainland China [1][9][10] Group 2 - The high-end residential market in Shanghai is experiencing a surge, with 12 out of 35 upcoming projects having a registration average price exceeding 100,000 yuan per square meter [2][10] - The scarcity of land in core areas of Shanghai is driving demand for high-end properties, with significant sales recorded in various luxury projects [10][12] - The market is expected to maintain a positive outlook due to supportive policies and the concentration of high-end project supply, which is likely to lead to increased transaction volumes [12][13]

Core Viewpoint - The Shanghai Municipal Finance Bureau announced a substantial adjustment to the personal housing property tax pilot policy, marking the first significant change since its implementation in 2011, aimed at stimulating housing consumption demand [1] Group 1: Policy Changes - The new policy was jointly issued by the Shanghai Municipal Finance Bureau and the Shanghai Taxation Bureau, aligning with the "Six Measures" for real estate released at the end of August [1] - Experts believe that the series of financial and tax policies will effectively promote the release of housing consumption demand [1] Group 2: Market Response - Following the release of the "Six Measures," the real estate market has shown positive trends, with significant changes in the new housing market [1] - As of September 19, nearly 40 new housing projects are either under subscription, have opened, or are planned to open, setting a record for September 2025 [1] - The new projects launched in early September are primarily located in the outer ring areas, leading to a surge in subscriptions [1] Group 3: Subscription Rates - Notable first-day subscription rates include over 100% for the Minhang Meilong Poly Haishang and Minhang Lanxianghu projects, 91% for the Putuo Taopu project, and nearly 80% for the Baoshan Yangxing project [1]