Sultan Al Ghurair is setting up a real estate development firm to build on family land and sell homes ahead of construction. https://t.co/7wxeAQE8IL ...

Group 1: Market Overview - In September 2025, the supply and demand for new residential properties in Fuzhou increased significantly, with supply area reaching 267,200 square meters, a month-on-month growth of 21.2%, and transaction volume at 340,500 square meters, a month-on-month increase of 70.6% [1][5] - Cumulatively, from January to September 2025, the total supply of new residential properties in Fuzhou was 2,077,600 square meters, a year-on-year increase of 3.5%, while the total transaction area was 2,922,000 square meters, a year-on-year decrease of 4.7% [5] Group 2: Land Market - In September 2025, Fuzhou's land market saw the completion of 10 residential land transactions, with a total planned construction area of 729,200 square meters and total land transfer fees amounting to 4.937 billion yuan, with an average premium rate of 9.75% [1] - The Fuzhou land auction on September 30 featured 9 plots, with 8 plots sold at the base price, totaling a planned construction area of 419,200 square meters and land transfer fees of 4.089 billion yuan [3][4] Group 3: Top Real Estate Companies - The top 10 real estate companies in Fuzhou for the first nine months of 2025 achieved a combined sales revenue of 23.527 billion yuan and a total sales area of 1,168,900 square meters [2] - Fuzhou Urban Investment Group led the market with a sales revenue of 4.56 billion yuan, followed by Jianfa Real Estate with 3.37 billion yuan, and Poly Development with 3.28 billion yuan [2] Group 4: Market Trends - The Fuzhou new housing market is currently in an adjustment phase, characterized by a "cold-hot" trend, where some core projects are selling well while many others are under pressure [8] - The market has entered a new phase driven by "quality," with competitive advantages for "good properties," while less competitive projects struggle [8]

Novaland shares tumbled for a second day as a potential police investigation into alleged misreported bond sales added to pressure on the debt-laden developer https://t.co/QaT4I30bTc ...

Core Insights - Liven Kodu 24 OÜ has successfully acquired a development property in Tallinn for EUR 1.1 million, marking a strategic move to enhance its development pipeline in a rapidly growing area [1][5] - The planned residential building complex will occupy approximately 13,300 m² and will include commercial premises, with a total estimated investment of EUR 20 million [2][5] - The acquisition is expected to ensure continuity in Liven's ability to provide new homes in the Haabersti district, which is characterized by a competitive development market [3][4] Company Strategy - The acquisition aligns with Liven's strategy to secure long-term development opportunities in one of Tallinn's fastest-growing districts, ensuring ongoing project capabilities [3] - The success of Liven's Luuslangi development project, where over half of the homes in the second phase have been sold prior to completion, reinforces confidence in the area's market potential [4] Financial Overview - The transaction value for the property acquisition is EUR 1.1 million, with a projected total investment of EUR 20 million for the development project [5] - Funding for the acquisition will be sourced from Liven's green bonds offering, indicating a commitment to sustainable financing [5]

Core Insights - Hepsor Jugla SIA has signed a loan agreement for €8.4 million with BluOr Bank AS to finance the Zaļā Jugla residential development project [1] - The first phase of the project will include the construction of two apartment buildings with a total of 70 apartments and 4,262 m² of sellable area, expected to be completed by Q4 2026 [2] - The overall Zaļā Jugla project plans to construct three apartment buildings with a total of 105 apartments and 6,393 m² of sellable area, with an estimated total cost of €15 million for both phases [2] Company Overview - Hepsor has completed 404 homes in Latvia, with a 97% sales rate, and anticipates completing over 500 new homes in the coming years [3] - The company has developed a total of 2,076 homes and nearly 36,300 m² of commercial space over its fourteen years of operation [3] - Hepsor operates in Estonia, Latvia, and Canada, and has implemented innovative engineering solutions to enhance energy efficiency and environmental sustainability in its buildings [3] - The company's portfolio consists of 25 development projects covering a total area of 178,200 m² [3]

Summary of Key Points from the China Property Monthly Tracker Industry Overview - The report focuses on the **Chinese property market**, highlighting trends in primary and secondary sales, construction activities, and developer strategies. Core Insights and Arguments 1. **Sales Performance**: - In September 2025, nationwide primary sales volume and value decreased by **11%** and **12%** year-over-year (yoy), respectively, which was in line with expectations. However, secondary sales volume increased by **16%** yoy, exceeding expectations [2][10][28]. - The average selling price (ASP) for primary properties declined by **0.4%** month-over-month (mom), while secondary ASPs fell by **0.6%** mom, indicating continued pricing weakness [10][28]. 2. **Construction Activities**: - Construction activities were generally better than expected, with new starts declining by **14%** yoy in September, while completions showed a positive trend with a **1.5%** yoy increase [10][28]. - Property fixed asset investment (FAI) saw a significant decline of **21%** yoy in September, marking a record high decline for a single month since 2023 [2][10]. 3. **Developer Strategies**: - Developers' land acquisition profitability improved slightly month-over-month, with an average of **54%** of contract sales being allocated to new land acquisitions, carrying an average project-level gross profit margin (GPM) of **26%** [11][78]. - Developers are focusing on strategic regions, particularly in Tier-1 and Tier-2 cities, which accounted for **74%** of their land acquisitions [11][81]. 4. **Market Expectations**: - Looking ahead to October, expectations include continued price weakness, particularly in secondary ASPs, while primary ASPs in high-tier cities may remain more resilient [3][12]. - The anticipated decline in primary transaction volume and value is expected to moderate, while secondary transaction volume is projected to revert to negative territory due to unfavorable base effects [3][12]. 5. **Policy and Economic Environment**: - There is rising market expectation for new policy support to the housing sector amid ongoing market softness and uncertainties in US-China trade policies [4][10]. - Upcoming major government conferences may lead to policies aimed at boosting aggregate demand, which could positively impact the housing market [4][10]. Additional Important Insights 1. **Liquidity Challenges**: - Developers are facing a liquidity gap estimated at **Rmb3.3 trillion** for 2025, which is critical for their operational sustainability [59][62]. - The funding gap is primarily driven by difficulties in selling aged inventory and competition from new projects, which are more appealing to buyers [59][62]. 2. **Demand-Side Indicators**: - The overall demand score for the property market slightly dropped to **39 out of 100**, indicating a challenging environment for home purchases [58][60]. - Home affordability remains a concern, with historical trough-level home purchase costs and potential for more affordability-boosting measures [58][60]. 3. **Market Sentiment**: - Sentiment in the secondary market has deteriorated, with a decline in new home search activity and a slow turnover pace in secondary transactions [58][60]. 4. **Geographic Diversification**: - Developers are diversifying their land acquisition strategies geographically, with notable activity in lower-tier cities, reflecting a shift in focus to areas with potential growth [19][81]. This summary encapsulates the key points from the China Property Monthly Tracker, providing insights into the current state and future expectations of the Chinese property market.

Core Viewpoint - The real estate investment has decreased by 13.9% from January to September, but this decline is not unexpected and reflects a broader trend of tightening financial conditions among property developers [1][3]. Group 1: Investment Trends - The 13.9% decline in investment is significant but not alarming, as property companies are currently cautious with their finances due to slow sales and tight financing conditions [3]. - Residential investment has decreased by 12.9%, which is less than the overall decline, indicating some resilience in the demand for housing [3]. Group 2: Market Response - Since the end of September, both central and local governments have been taking measures to stimulate the market, such as lowering mortgage rates and easing purchase restrictions, leading to signs of recovery in core cities [3]. - The investment sector typically lags behind sales trends, and it will take time for the positive signals from the sales side to translate into land acquisition and construction activities [3]. Group 3: Long-term Outlook - The current situation is viewed as a "bubble deflation" rather than a "collapse," with the industry shifting focus from speculative buying to the fundamental need for housing [3]. - As inventory levels decrease and policy effects begin to materialize, there is an opportunity for first-time buyers and those looking to upgrade their homes to find suitable options [3].

हेलो एवरीवन। कम लोग लेकिन बहुत बड़ा स्टेज। हमेशा मैंने तो वैसे ही अटेंड किया हुआ है जहां बहुत सारे लोग और स्टेज मुझे मिला है। लेकिन आज यहां पे नर्वसनेस ज्यादा हो गई है क्योंकि मेरी पूरी फैमिली यहां बैठी हुई है। और यह पहली बार ऐसा हुआ है कि मैं स्टेज पे हूं और मेरी फैमिली मुझे सुनने के लिए खड़ी है। यह पूरी जर्नी जो आज मैं मेरे बारे में बताना चाह रहा हूं। यह पूरी जर्नी में इनका बहुत सहयोग है मेरे साथ। आज दो दिन पहले मेरा बर्थडे था। बहुत जबरदस्त तरीके से सेलिब्रेट किया और पूरा सरप्राइज था मेरे बच्चों की तरफ से ...

"Torry brings world-class financial expertise that perfectly complements JDM's acclaimed investment and development capabilities," said Jerry Colangelo. Post this "Torry brings world-class financial expertise that perfectly complements JDM's acclaimed investment and development capabilities," said Mr. Colangelo. "His deep understanding of complex markets, deal structuring, and global capital flows will be invaluable as we continue to pursue large-scale, transformational real estate opportunities. Having be ...

朋友们，刚刚打开行情软件，越南股市那根大阴线看得我都愣了——单日跌超5%，直接创下六个月来最大跌幅！别光看数字吓人，这背后藏着的"数万亿越 南盾地产雷"，才是真让人揪心的事儿。我是帮主郑重，做了20年财经记者，一直盯着中长线投资的门道，今天就用聊天的方式，跟大家说说这越南市场到 底出了啥问题。 其实这次暴跌不是没征兆的，上周五越南政府一份监察报告一出来，就像给市场扔了颗炸弹。报告里明明白白写着，67家债券发行人里，不管是地产公司还 是银行，都查出了一堆"猫腻"——资金挪用、信息不透明、还不上本金利息，说白了就是"钱没用到正地方，还藏着掖着"。 这里面最扎眼的，就是越南第二大地产商Novaland。咱们先不说数万亿越南盾有多吓人（差不多几十亿人民币），关键是它的操作太离谱：发了1.5万亿越 南盾的债券，本该用在项目上，结果绕了好几圈，把钱转到了关联公司手里，甚至连子公司的注册资本都是"空的"。更要命的是，跟它有关系的20家发债公 司里，还有近17万亿越南盾的债没还，好几家已经逾期了，连本带利都给不出，这不是明摆着"爆雷"吗？ 更让人担心的是银行也掺了进来。五家被查的主要银行里，有三家直接把债券募集的钱挪去放短期 ...