三湘都市报7月21日讯 （全媒体记者 卜岚 通讯员 孙乐）近日，国务院办公厅正式批复，2029年第十六届全国运动会将在湖南举办，这是全运会首次落户 中部地区。对于湖南而言，无疑是迎来了一次全方位发展的重大契机。在此背景下，近日，位于奥体中心板块的长沙幸福庄园推出了98—175平方米毛坯 准现房产品，均价仅"7字头"。 据介绍，幸福庄园位于长沙芙蓉南路与伊莱克斯大道交汇处东南角，是一个规划了居住人口约6万人的超级大盘。该项目由福中福集团开发建设，分多期 推进。目前，一期、二期已于 2013 年交付使用，1934户业主已顺利入住。而正在开发建设的幸福庄园三期・御园，占地面积约158 亩，建筑面积约34万 平方米。 他表示，长沙幸福庄园带动数十家企业入驻芙蓉南路两侧，促进区域财政收入的增长，"我认为在家乡投资，社会效益优先，商业回报的话，只要项目能 持续运转，微利就满足了。我相信随着2029年的全运会在湖南召开，毗邻奥体中心的幸福庄园楼盘也将迎来新机遇。" 在益阳，他开发的益阳福中福商业中心成为当地品牌工程、形象工程与最繁华商业中心，日均客流量超万人次，带动 1200 余个就业岗位；投资开发的皇 家湖生态旅游度假区 ...

房地产行业 | 证券研究报告 — 行业周报 2025 年 7 月 22 日 强于大市 房地产行业第 29 周周报（2025 年 7 月 12 日-2025 年 7 月 18 日） 本周新房二手房成交同比降幅均收窄；中央城市工作会议 将"城市更新"写入总体要求 新房成交面积环比由负转正，同比降幅收窄。二手房成交面积环比由负转正， 同比降幅收窄。新房库存面积同环比均下降。去化周期环比上涨，同比下降。 核心观点 政策 本周中央城市工作会议召开，是时隔 10 年再度召开该会议，从中央层面全方位部署城市工 作，意义重大。会议指出"城市发展正从大规模增量扩张阶段转向存量提质增效为主的阶 段"，同时提出"高质量开展城市更新"、"加快构建房地产发展新模式，稳步推进城中 村和危旧房改造"。中央将"城市更新"写入总体要求，意味着我国城市发展逐渐进入城 市更新的重要时期。我们预计未来城市更新相关政策的支持力度进一步加大。 投资建议： 二季度销售、投资、房价数据均明显走弱。我们预计，7 月的政治局会议表态或将更加 积极，带动板块在 7 月中旬开始出现的一波政策博弈的行情机会。考虑到 7 月 15 日中 央城市工作会议的相关表态，城市 ...

Group 1: Policy Changes - Chengdu has announced the cancellation of housing sales restrictions and adjustments to housing provident fund loan rules to support residents' housing needs and promote market stability [1] - From July 21, 2024, properties purchased before October 14, 2024, can be traded after obtaining property certificates, and from January 1, 2026, second-hand housing certificates obtained before October 14, 2024, will have no transfer restrictions [1] - The minimum down payment ratio for housing provident fund loans has been reduced from 30% to 20%, with a mechanism linking loan amounts to deposit balances to increase loan limits [1] Group 2: Market Activity - In Shenzhen, 1,256 second-hand homes were recorded in the week of July 14-20, 2025, representing a 4.9% decrease compared to the previous week [2] - The real estate industry saw a total of 81 merger and acquisition transactions in the first half of 2025, an increase of 2 transactions compared to the same period in 2024 [5] - The total transaction scale of disclosed M&A deals was approximately 29.1 billion, reflecting a 58% year-on-year decline [5] Group 3: Company Developments - Xiangyu Real Estate Group has initiated the issuance of company bonds amounting to 11.5 billion, with a registered scale not exceeding 13.4 billion [3] - The bonds will have a term of 3 years, with a fixed interest rate in the range of 2.2% to 3% [3] - R&F Properties has been listed as a dishonest executor by the Guangzhou Baiyun District Court due to violations of property reporting regulations [4]

Core Viewpoint - The article highlights the transformation of housing in Zibo from basic living conditions to high-quality living environments, showcasing the city's comprehensive efforts in implementing the "Good House" initiative, which emphasizes safety, comfort, sustainability, and intelligence in housing construction [2][4]. Group 1: Quality Upgrade - The shift in the real estate market in Zibo is moving from "having a house" to "living in a good house," with increasing demand for high-quality housing among buyers [3]. - The "Qiyuan Project" in Zibo is the first residential project to receive WELL health building mid-term certification, indicating a strong focus on high-quality standards in planning, construction, and material selection [3]. - The local government has introduced various policies to support this transition, including relaxing regulations on building density and green space, and establishing clear technical standards for residential quality [4]. Group 2: Upgraded Amenities - The "Fuyuan Community" features a city library that serves as a cultural hub, providing over 15,000 books and facilitating community engagement through educational resources [5]. - New guidelines for public service facilities in residential areas mandate the inclusion of educational, health, and recreational amenities, enhancing the overall living experience for residents [5]. - The integration of modern commercial spaces, such as the "Hongcheng International Plaza," has created vibrant community areas that cater to shopping, entertainment, and socializing [6]. Group 3: Rural Renewal - The "Good House" initiative extends to rural areas, with significant improvements in housing quality for villagers, including modern amenities and community facilities [7]. - The completion of housing projects in rural Zibo has provided new homes for 907 families, emphasizing the importance of quality in rural housing development [7]. - The local government is promoting modern, livable housing standards in rural areas, with the development of design guidelines and support for villagers to access quality housing options [8].

点评：这标志着住房租赁市场将进入更规范的发展阶段，有利于营造公平竞争环境，或将推动市场从粗 放式向精细化转型。对整体经济，规范的租赁市场可稳定居住预期，助力房地产市场结构优化，增强民 生保障效能。 NO.2 成都将分批取消住房限售政策 7月21日，成都市住建局等六部门印发《关于促进房地产市场平稳健康发展若干措施的通知》，从提升 供应质量、盘活存量、发挥公积金功效等方面出台17条政策。其中，宣布分批取消住房限售，自7月21 日起，2024年10月14日前购买的商品住房取得不动产权证书后即可交易；自2026年1月1日起，2024年10 月14日前取得证书的二手住房取消转让限制。同时，居民家庭购买第二套住房的，个人住房公积金贷款 最低首付款比例由30%调整为20%，并实施贷款额度与缴存余额挂钩机制以提高可贷额度。 点评：此次政策调整旨在更好地支持居民换房需求，提升房产流动性，加大住房公积金贷款支持力度， 减轻居民购房压力，促进房地产市场平稳健康发展。 NO.3 济南购买保障房用公积金可享两项叠加优惠 NO.1 《住房租赁条例》公布 据新华社北京7月21日电国务院总理李强日前签署国务院令，公布《住房租赁条例》。《条例 ...

Core Viewpoint - The real estate industry in China is transitioning from a "guarantee delivery" phase to a new stage of development, with delivery pressures easing as the peak delivery period has passed [1][2]. Group 1: Delivery Performance - In the first half of 2025, 55 real estate companies delivered over 500,000 units, showing a significant decline compared to the same period last year [1]. - The top five companies accounted for approximately 230,000 units delivered, with Poly Developments leading at 65,000 units, followed by Vanke with 45,000 units, and China Overseas Land & Investment with 42,100 units [1]. - Overall, one company delivered over 50,000 units, and 15 companies delivered over 10,000 units, indicating a general decline in delivery numbers compared to the previous year [2]. Group 2: Strategic Shifts - Many companies are now focusing on completing their delivery obligations, with some like Sunac China aiming to deliver over 50,000 units by the end of 2025, having already delivered over 668,000 units from 2022 to 2024 [2]. - Country Garden has also committed to a tailored approach for remaining construction projects, actively communicating with stakeholders to align with current market conditions and financial situations [2]. - Companies that successfully complete their delivery obligations are expected to regain sustainable operational development, rebuild credit, restore financing capabilities, and enhance market share [2].

Core Viewpoint - The financial performance of Kunwu Jiuding Investment Holdings Co., Ltd. has significantly declined in 2024, with a notable drop in revenue and a shift to net losses primarily due to reduced management fees, lower project exit gains, and adverse fair value changes in financial assets [2][3][11]. Group 1: Financial Performance - In 2024, the company's private equity investment business generated operating revenue of 160 million yuan, a year-on-year decrease of 41% [2]. - The net profit attributable to shareholders was -268 million yuan, marking a shift from profit to loss compared to the previous year [2]. - The fair value changes and investment income related to financial assets amounted to -100 million yuan, with losses expanding by 37 million yuan year-on-year [2]. Group 2: Revenue Breakdown - The revenue from management fees and management remuneration decreased significantly, with management fee income dropping by 40.93% to 90 million yuan [6]. - The management remuneration income also fell by 32.78%, primarily due to extended project exit cycles and reduced exit returns [7]. - The top five clients accounted for 61.23% of total sales, all of which were related party transactions [2]. Group 3: Asset Valuation and Losses - The company reported a fair value loss of 86.64 million yuan on trading financial assets, reflecting the valuation changes of the funds it invested in [11]. - The losses from equity method accounting for long-term equity investments were 12.86 million yuan, attributed to the ongoing losses of Jiutai Fund Management Co., Ltd. [11]. - The company’s trading financial assets at the end of 2024 were valued at 52.24 million yuan, a decrease of 61.85% from the beginning of the year [12].

Summary of Key Points Core Viewpoint - The company, Shanghai Waigaoqiao Group Co., Ltd., is utilizing temporarily idle raised funds for cash management to enhance fund efficiency and increase returns for shareholders while ensuring that the main business and investment projects are not affected [1][5][6]. Fundraising Basic Information - The company raised a total of RMB 2,474,685,295.88 through the issuance of 224,563,094 shares, with a net amount of RMB 2,447,598,658.01 after deducting issuance costs [1][2]. Fund Investment Plan - The total investment for the fundraising projects is RMB 340,393.49 million, with specific allocations as follows: - New Development H2: Total investment RMB 98,000.00 million, raised funds RMB 56,485.53 million - D1C-108~116 General Factory Project: Total investment RMB 78,700.00 million, raised funds RMB 47,007.90 million - F9C-95 Factory Project: Total investment RMB 89,453.49 million, raised funds RMB 67,974.47 million - Supplementing Working Capital: Total investment RMB 74,240.00 million, raised funds RMB 73,291.97 million [2]. Cash Management Purpose - The cash management aims to improve the efficiency of the raised funds, reduce financial costs, and increase company returns without affecting the main business or investment projects [3][5]. Cash Management Details - The company plans to use up to RMB 50,300.00 million of temporarily idle funds for cash management, with a maximum duration of 12 months, allowing for the funds to be recycled [3][4]. - The cash management products will include safe and liquid principal-protected financial products or deposit products, with a term not exceeding 12 months [3][4]. Approval Process - The board of directors and the supervisory board have approved the cash management proposal, ensuring compliance with relevant laws and regulations, and confirming that it does not harm the interests of the company or shareholders [6][7].

又见"1元起拍"法拍房。 在阿里法拍平台上，记者看到一套"1元起拍"小产权房即将在23日开拍，截至发稿暂无人报名，但有37 人设置提醒，超过1900次围观，房源标题也非常吸引眼球："特价不限购待拆迁物业"。 资料显示，该法拍房位于深圳龙岗区龙西楼吓新围4巷3号住宅楼306房，建面约35.25平方米。值得注意 的是，该项目处于拆迁旧改范围，在标的物详情描述中明确提到"买受人占有使用该房产期间如遇拆迁 征地，所得赔偿归买受人所有"，房源拍出后办理的手续为历史遗留回执单+房产转让合同+律师见证。 记者采访多位曾在深圳从事小产权房和回迁房指标业务的房产中介经理，他们表示，近几年小产权房市 场的投资热已经大幅降温，政府部门对小产权房进行了多次"整顿"。 记者搜索发现，从2024年底至今，仅龙西楼吓新围村住宅楼已经拍出超过25套房源，其中大多数房源的 起拍价是1元。此外，记者在多个类似小产权房源的法拍房竞买公告中发现，均提到了"不能办理房产证 登记过户"。 有业内人士表示，"1元起拍"房产使用权本质上类似小产权房交易，这种交易是否受法律保护以及将来 遇到拆迁后是否真的能获得赔偿，并不能得到完全保障。一些业主想要快速出掉手 ...

有业内人士表示，"1元起拍"房产使用权本质上类似小产权房交易，这种交易是否受法律保护以及将来遇 到拆迁后是否真的能获得赔偿，并不能得到完全保障。一些业主想要快速出掉手中不好的资产，只能选择 委托法拍房公司进行变现。 上海易居房地产研究院副院长严跃进表示："'1元起拍'只是一些拍卖公司吸引购房者的噱头。要注意其背 后是否有其他猫腻和负债，防范认购后背负了新的成本。对于购房者来说，对一些新奇的销售和房产交易 模式要保持距离，现在市面上可以选择的、价格公道的房产也比较多，不一定要通过此类拍卖方式购 房。" 不过，也有购房者对记者表示，过去竞买这种房子多是看上其带有拆迁改造概念，但经历了多年的楼市调 控，现在竞买这种房子多数不是为了拆迁，而是为了租金回报率。 又见"1元起拍"法拍房。 在阿里法拍平台上，记者看到一套"1元起拍"小产权房即将在23日开拍，截至发稿暂无人报名，但有37人 设置提醒，超过1900次围观，房源标题也非常吸引眼球："特价 不限购 待拆迁物业"。 资料显示，该法拍房位于深圳龙岗区龙西楼吓新围4巷3号住宅楼306房，建面约35.25平方米。值得注意 的是，该项目处于拆迁旧改范围，在标的物详情描述中明 ...