Core Viewpoint - The real estate market in China is experiencing a rollercoaster of fluctuations, with a consensus among industry leaders that the next five years will see a "structural differentiation" in housing prices across different cities and regions [5][7]. Group 1: Current Market Trends - In the first half of 2025, 42 out of 70 major cities in China saw an increase in new residential property prices, while 28 cities experienced a decline [1]. - First-tier cities like Beijing, Shanghai, Shenzhen, and Guangzhou continue to show price increases, with year-on-year growth rates of 3.2%, 2.8%, 4.1%, and 1.9% respectively [1]. - Conversely, third and fourth-tier cities are facing challenges, with a 1.5% year-on-year decline in new residential property prices, marking the third consecutive year of price drops [2]. Group 2: Influencing Factors - Population flow is a significant factor affecting housing prices, with first-tier and strong second-tier cities experiencing net inflows, while many third and fourth-tier cities face outflows [2]. - Financial environment improvements, such as reduced down payment ratios and lower mortgage rates, have contributed to market confidence, with the average mortgage rate for first-time homebuyers dropping to approximately 3.8% [4]. - The supply-demand relationship is also crucial, as a 5.7% year-on-year decline in real estate development investment and a 12.3% drop in new construction area have led to reduced supply in stable demand areas, supporting price increases [4]. Group 3: Future Outlook - Industry leaders like Li Ka-shing and Wang Jianlin predict that high-quality assets in core first and second-tier cities will maintain value and see moderate growth, while third and fourth-tier cities will face significant downward pressure on prices [7]. - The real estate market is transitioning from a phase of broad growth to a more refined development stage, emphasizing the importance of quality properties over mere ownership [7]. - For potential homebuyers, focusing on actual needs and affordability is more critical than speculating on price movements, as the essence of housing is for living rather than investment [10].

本公司感谢债权人的持续支持及参与，并将继续有序推进各方一致意见的重组。 智通财经APP讯，弘阳地产(01996)发布公告，在若干优先票据持有人的支持下，高等法院已于2025年9 月15日批准由呈请人与本公司共同提出的延期申请。该呈请的聆讯现延期至2026年3月23日。 ...

Core Viewpoint - The company, Jin Yue Holdings (00070), anticipates a loss of no more than HKD 105 million for the fiscal year ending June 30, 2025, which represents an increase in loss of approximately HKD 56 million compared to the estimated loss of around HKD 49 million for the fiscal year ending June 30, 2024 [1] Financial Summary - The projected loss for the fiscal year 2025 is primarily attributed to: - An increase in impairment losses on properties (classified as property, plant, and equipment) by approximately HKD 45 million compared to fiscal year 2024 [1] - An increase in fair value losses on investment properties by about HKD 10 million compared to fiscal year 2024 [1] - An increase in impairment provisions and write-offs for receivables and interest by approximately HKD 3 million compared to fiscal year 2024 [1] - These losses are partially offset by a gain of approximately HKD 2 million recognized from the sale of a subsidiary in fiscal year 2025 [1] - All mentioned impairment losses, fair value losses, provisions, and gains from sales are non-cash accounting items in accordance with Hong Kong Financial Reporting Standards, thus having no impact on the company's operating cash flow [1]

2025年财年的亏损较2024年财年增加不多于港币5600万元。此乃主要由于(i)集团所持物业(分类为物 业、厂房及设备)之减值亏损较2024年财年增加约港币4500万元；(ii)集团的投资物业公平值亏损较2024 年财年增加约港币1000万元；及(iii)集团应收贷款及应收利息之减值拨备及撇销较2024年财年增加约港 币300万元；而此被2025年财年确认之出售一间附属公司之收益约港币200万元所部分抵销。上述减值亏 损、公平值亏损、减值拨备及撇销以及出售收益均属于符合香港财务报告准则之非现金会计处理项目， 其各自对集团之经营现金流量并无影响。 格隆汇9月16日丨金粤控股(00070.HK)公布，预期集团于截至2025年6月30日止财政年度年录得亏损不多 于港币1.05亿元，而2024年财年则为亏损约港币4900万元。 ...

2025年第37周 Weekly 2025年9月8日-2025年9月14日，第37周土地供应规模小幅上升，成交规模小幅回落，土拍热度则较上 周显著下降。本周重点城市监测供应土地建筑面积为487万平方米，环比上升5%，成交建筑面积为193 万平方米，环比下降5%。本周优质宅地出让频次下降，土拍热度同步回落，平均溢价率3.2%，再度回 落至年内低位。 供应：本周供应建筑面积487万平方米，环比上升5%。 本周一线城市中上海集中挂牌了6宗宅地，总 起拍价格 达到185亿元，深圳南山区也有一宗宅地挂牌，起拍价9.5亿元。 重点城市本周供应含宅用地62宗，平均容积率 1.83，无锡、徐州、宣城等城市平均容积率均不高于1.8。 重点供应地块方面，上海在本周进行了2025年8批次集中挂牌，其中4宗地起始价高于20亿元。起拍底价最高的 是静安区不夜城地块，出让底价70.96亿元，容积率3.33，地块住宅占比约73%,起拍楼板价7.08万元/平方米， 是本批次唯一一宗内环内地块，距离苏州河仅200米，项目限高150米，未来将建成超高层地标，俯瞰苏州河景 观。2025年7月，位于苏州河上游约2公里的静安北宅地由中海溢价10%竞得 ...

9/23 13:30-17:00 Shanghai 全球视野·中东机遇 2025中东不动产投资高峰论坛 - 克而瑞 X Asia Bankers Club X Aldar - VIEW 阿联酋作为全球房地产投资的战略高地，已成为海外资本布局中东的核心枢纽。迪拜与阿布扎比作为阿联 酋经济双核，未来5-10年将持续引领中东房地产市场的差异化繁荣，为全球投资者提供高潜力、多元化的 投资机遇。 基于此，克而瑞研究中心于9月23日在上海举办 「2025年中东不动产投资高峰论坛」 ，本次论坛以 "全球 视野·中东机遇" 为核心，汇聚 中阿政企领袖、国内前沿学者、全球资本战略专家以及国内标杆企业高管 ，深度解读中东市场投资逻辑与"一带一路"合作新路径，为投资者提供前瞻性战略参考。 9月23日，克而瑞诚邀您共探阿联酋不动产投资置业之变化与机遇。 论坛亮点 深度干货·豪华嘉宾阵容 丁祖昱博士 （克而瑞集团董事长）联手 复旦大学经济研究所所长 阿联酋龙头房企ALDAR首席执行官 上海建工集团海外业务高管 亚洲领先房地产经济投资公司及跨境投资平台掌舵者 圆桌论坛跨界对话"一带一路引领下的中外投资潜力" 重磅发布·独家内容首发 重磅 ...

◎ 文 / 沈晓玲 在房地产行业进入精细化运营时代，社群运营已成为房企提升客户粘性、塑造品牌差异化的关键抓手。邦泰作为深耕地产领域的企业，以"泰有位"社群为核心载 体，通过创新模式与扎实落地，在社群运营赛道上崭露头角。 顶层设计：以"向上向善"为品牌基因 搭建"泰有位"社群体系 01 邦泰集团 以"责任地产"为品牌定位，"泰有位"作为其社群品牌， 诞生的初心源于对社会现状的深刻审视。当下社会中，人们面临着诸多焦虑与压力，邦泰通过社 群关照这些社会痛点，精准捕捉现代都市人"身心平衡"的核心诉求，通过将个体健康需求与社会价值创造有机融合，构建了兼具活力与温度的新型社区关系网络， 形成"生活多彩-情感连接-精神共鸣"的完整价值链条。 "泰有位"社群从邦泰集团"向上、向善"的品牌基因出发，以"快乐共享 健康同行"为社群主张，致力于创造阳光平等的温暖关系场 ，让更多人远离焦虑抑郁，感知 健康快乐人生，帮助业主在社区中找到属于自己的位置，感受到生活的意义与温度，成为内核稳定、精神强大的个体，拥抱物质丰盈、低压舒适的生活。 ▲ 邦泰"泰有位"社群 在组织架构上，邦泰集团社群运营的顶层设计采用 "横向链接社会资源，纵向搭建垂 ...

Economic Overview - Jiangxi Province's fixed asset investment increased by 4.0% year-on-year in the first eight months, with 7,828 ongoing projects valued at over 100 million yuan [1] - The industrial production in Jiangxi saw an 8.0% year-on-year growth in the same period, with 241 out of 453 monitored industrial products experiencing production increases, resulting in a growth rate of 53.2% [1] Industrial Performance - Key industrial products such as new energy vehicles, flat-panel computers, service robots, and optoelectronic devices reported significant production growth rates of 87.1%, 57.4%, 34.6%, and 33.2% respectively [1] - The value added in equipment manufacturing and high-tech manufacturing increased by 12.1% and 11.8% respectively [1] Investment Breakdown - Infrastructure investment rose by 12.8%, while manufacturing investment grew by 9.3%. However, real estate development investment declined by 10.4% [1] - The completed investment from projects valued at over 100 million yuan grew by 7.1%, accounting for 71.9% of total investment and contributing 5.0 percentage points to overall investment growth [1] Real Estate Market - The sales area of new commercial housing reached 17.948 million square meters, marking a 1.6% year-on-year increase, while residential sales area decreased by 1.3% [3] - The sales revenue from new commercial housing was 119.64 billion yuan, down 5.5% year-on-year, with residential sales revenue declining by 6.6% to 102.18 billion yuan [3] Trade Performance - The total value of goods trade in Jiangxi reached 307.32 billion yuan, reflecting a 1.8% year-on-year increase, with a notable acceleration of 1.1 percentage points compared to the previous month [3] - Exports of electromechanical products amounted to 123.04 billion yuan, up 2.4% year-on-year, constituting 62.2% of the province's total exports [3] - Significant growth in exports was observed in integrated circuits, lithium batteries, and automotive parts, with increases of 126.5%, 109.6%, and 74.6% respectively [3]

Market Overview - The Hang Seng Index fell by 8.05 points, a decrease of 0.03%, closing at 26,438.51 points [1] - The total turnover for the day on the main board was 294.069 billion HKD [1] - The Hang Seng China Enterprises Index increased by 1.63 points, up 0.02%, closing at 9,386.39 points [1] - The Hang Seng Tech Index rose by 34.05 points, an increase of 0.56%, closing at 6,077.66 points [1] Blue-Chip Stocks - Tencent Holdings rose by 0.23%, closing at 645 HKD [1] - Hong Kong Exchanges and Clearing increased by 0.53%, closing at 451.8 HKD [1] - China Mobile decreased by 0.63%, closing at 87.1 HKD [1] - HSBC Holdings rose by 0.66%, closing at 107.2 HKD [1] Local Hong Kong Stocks - Cheung Kong Holdings fell by 0.42%, closing at 37.76 HKD [1] - Sun Hung Kai Properties decreased by 1.34%, closing at 95.55 HKD [1] - Henderson Land Development rose by 0.5%, closing at 28.18 HKD [1] Chinese Financial Stocks - Bank of China increased by 0.23%, closing at 4.43 HKD [1] - China Construction Bank rose by 0.26%, closing at 7.77 HKD [1] - Industrial and Commercial Bank of China fell by 0.34%, closing at 5.95 HKD [1] - Ping An Insurance decreased by 2.22%, closing at 55.05 HKD [1] - China Life Insurance fell by 2.44%, closing at 22.36 HKD [1] Oil and Petrochemical Stocks - China Petroleum & Chemical Corporation remained unchanged, closing at 4.22 HKD [1] - China National Petroleum Corporation fell by 0.81%, closing at 7.35 HKD [1] - CNOOC Limited decreased by 0.87%, closing at 19.31 HKD [1]

格隆汇9月16日丨合肥城建(002208.SZ)公布，近日，徽琥置业与合肥市自然资源和规划局签订《国有建 设用地使用权出让合同》； 合肥市包河区BH202522号地块土地使用权出让价款7.08亿元，由徽琥置业自筹资金解决；合肥市包河 区BH202523号地块土地使用权出让价款5.16亿元，由徽琥置业自筹资金解决。 ...