Core Insights - The company reported a total transaction volume of RMB 736.7 billion (USD 103.5 billion) for Q3 2025, showing a year-on-year stability [1] - The total transaction volume for existing homes was RMB 505.6 billion (USD 71.0 billion), an increase of 5.8% year-on-year, while new home transactions decreased by 13.7% to RMB 196.3 billion (USD 27.6 billion) [1] - Net income for the quarter was RMB 23.1 billion (USD 3.2 billion), reflecting a 2.1% year-on-year increase, but net profit decreased by 36.1% to RMB 747 million (USD 105 million) [1] - The number of stores increased by 27.3% year-on-year to 61,393, with active stores rising by 25.9% to 59,012 [1] - The number of agents grew by 14.5% to 545,500, with active agents increasing by 11.4% to 471,500 [1] - The average monthly active users reached 49.3 million, up from 46.2 million in the same period last year [1] Business Strategy and Innovations - The CEO emphasized ongoing efforts in organizational upgrades, process restructuring, and technological innovation to enhance business efficiency and customer experience [2] - The company is piloting a "tenant separation" mechanism in Shanghai to improve marketing and sales capabilities for sellers [2] - AI integration in operations and customer service is being advanced, contributing over RMB 100 million in profit for the rental service segment in Q3 2025 [2] - The CFO noted steady growth in existing home transactions and robust monetization capabilities in new home business, with home decoration and rental services achieving profitability at the city level [2] Shareholder Returns - The company has maintained a strong cash reserve and has been actively repurchasing shares, with Q3 2025 buybacks reaching USD 281 million, the highest in nearly two years [3] - Year-to-date, the total repurchase amount is approximately USD 675 million, a 15.7% increase compared to the same period last year, representing about 3% of the total share capital as of the end of 2024 [3] - Cumulatively, since the repurchase program began in September 2022, the total amount spent on buybacks is around USD 2.3 billion, accounting for about 11.5% of the total share capital prior to the program [3] Future Outlook - The company aims to continuously optimize its business structure, enhance technological empowerment, and solidify shareholder returns to create greater long-term value for investors [4]

Core Viewpoint - The Hong Kong property market shows signs of recovery with the latest Centaline Property Index reporting 131.87 points, reflecting a week-on-week increase of 0.16% and a year-to-date increase of 2.92% [1] Group 1: Market Trends - The Centaline Property Index has risen by 0.69% compared to four weeks ago, indicating a positive trend in the market [1] - The confidence index, which reflects the owners' listing attitude, is at 76.1 points, up 0.3% week-on-week, and has remained above 75 points for 14 consecutive weeks [1] - The confidence index has been above the average for 49 weeks, suggesting a strong potential for continued price increases in the Hong Kong property market [1] Group 2: Regional Price Changes - The Centaline Kowloon Property Index is at 137.3 points, up 0.37% week-on-week, while the New Territories Index is at 121.37 points, up 0.23% [1] - In contrast, the Centaline Hong Kong Island Property Index is at 134.58 points, reflecting a week-on-week decrease of 0.6% [1] - Comparing to four weeks ago, Kowloon and New Territories have increased by 0.93% and 1.04% respectively, while Hong Kong Island has decreased by 0.97% [2] Group 3: Year-to-Date Performance - Year-to-date, Kowloon and New Territories have seen increases of 4.79% and 2.7% respectively, while Hong Kong Island has experienced a decline of 0.99% [2]

Core Insights - The 2025 Huaxia Urban Industry Chain Development Conference was held in Beijing, focusing on "Industry-City Integration and Boundless Coexistence" to explore diverse solutions for high-quality urban development [1] - I Love My Home was recognized for its "2025 Community Good Neighbor Festival" and its long-standing "Good Neighbor Service" system, which emphasizes community engagement and support [1][3] Group 1: Community Engagement - Communities are essential for residents to achieve a better quality of life, and high-quality community services enhance residents' happiness and sense of belonging [3] - I Love My Home has established a "Good Neighbor Service" system over 25 years, providing professional and efficient services to help families secure quality housing [3][6] - The "Good Neighbor Festival" launched in 2025 reflects the company's service philosophy, encouraging community feedback through an online "Community Review" activity that collected 3,680 resident responses [3][4] Group 2: Service Initiatives - Offline, I Love My Home set up "Public Real Estate Corners" in 100 communities in Beijing, offering one-on-one free consultations on real estate transactions and related topics [4] - The company also conducts community activities such as free haircuts and educational classes, bringing convenience and warmth directly to residents [4][6] - Over the past three years, I Love My Home has provided services to over 100,000 families and organized more than 1,000 community events, distributing nearly 50,000 care packages [8] Group 3: Future Plans - The company plans to continue upgrading service levels and expanding service boundaries to meet residents' housing needs while deepening integration with cities and communities [9]

Core Points - A video of a real estate agent, Meng Xianyu, saving people from a car accident in Beijing has gained significant attention after being shared in the real estate industry group [1][9] - The incident occurred on September 6, when a car lost control and was left hanging over a bridge, prompting Meng to act quickly to prevent it from falling [3][4] - Meng's actions were recognized by the Beijing Real Estate Industry Association, highlighting the importance of community service within the industry [9] Incident Details - The accident involved a black car that crashed through a guardrail and was left precariously over a 10-meter high bridge [3] - Meng, who was nearby, rushed to the scene and coordinated with bystanders to hold the car in place while assisting the trapped occupants [3][4] - After ensuring the safety of the passengers, Meng called for emergency services, demonstrating quick thinking and leadership [4][5] Community Impact - Meng has a history of helping local residents, including assisting an elderly neighbor with groceries and addressing urgent repair issues in the community [7] - His actions have been celebrated within the company, with colleagues expressing admiration for his character and willingness to help others [5][9] - The incident has sparked discussions about the role of real estate professionals in community service and the positive image they can project [9]

. 5 . 19 1 4 11 前海时代尊府将为改善性需求的家庭提供更多置业选择。 深圳商报首席记者 李秀瑜 文/图 深圳10月楼市数据出炉，二手房市场延续趋稳态势，单月录得量达5547套，连续8个月稳固在5000套"荣枯 线"以上。 更值得关注的是，房地产中介行业同步释放积极信号，截至11月1日，深圳房地产中介行业规模较去年同期明 显回升，有效备案机构2183家，同比增长8.3%，从业人员数量同比增长9.3%。 连续8个月突破5000套 二手楼市进入平稳运行 市房地产中介协会统计，10月深圳二手房录得量5547套，自今年3月起，已连续8个月突破5000套。这一数据 尤为亮眼，房地产业界专家认为，5000套被视为二手房市场的"荣枯线"，连续8个月站稳这一关口，标志着深 圳二手楼市已进入平稳运行区间。 "连续稳定的录得量，反映市场供需关系趋于平衡，购房需求正以更理性、更持续的方式释放。"市房地产中 介协会的专家介绍，当前市场环境下，购房者更倾向于"货比三家"，选择配套成熟、性价比高的房源，而非 盲目追涨杀跌，这种"慢热型"成交恰恰是市场趋稳的重要特征。 年底"翘尾"行情可期 市房地产信息平台数据显示，2025年 ...

英国财政部最近在酝酿一件大事，打算对搬出英国的有钱人征收20%的"离境税"。这个消息一出来，伦敦金融城的富豪们炸了锅。 这项名为"结算费"的新税种，目标很明确，就是那些移居海外但在英国还有资产的富人。 哪怕人已经跑了，只要在英国还有房子、公司股份或者投资，就得为资产增值交钱。 英国实行了200年的非国籍制度允许居住在英国但出于税收目的在其他地方定居的人，在长达15年的时间里不用为海外收入和资本利得收入缴纳税款。 根据英国财政部披露的草案内容，此次离境税的征收对象主要是过去 10 年内累计在英国居住满 7 年，且净资产超过 200 万英镑的个人，这些人若选择永久 离开英国并在海外定居，其在英国境内的所有资产增值部分都将被纳入征税范围。 这里的资产不仅包括位于伦敦、曼彻斯特等城市的住宅与商业房产，还涵盖持有的英国上市公司股票、私募股权基金份额，甚至包括艺术品、古董等收藏品 的增值部分。 更关键的是，该税种采取 "追溯性征收" 原则，即富豪在离境时，需对过去 5 年内英国资产的增值部分一次性缴纳 20% 税款，若无法及时足额缴纳，英国税 务部门有权冻结其在英资产并进行拍卖抵扣。 草案还明确，即使富豪通过信托、离岸公 ...

若势头持续，全年一手住宅成交量甚至有望挑战1.9万宗，将是自2013年《一手住宅物业销售条例》实 施后的新高。租金持续向上，亦激发了"租转买"需求及长线投资者入市意欲，带动二手市场同步受惠。 据香港置业分行统计，本末十大指标屋苑预约看楼量分区方面，港岛区预约看楼量录得29组，按周跌 6.5%；九龙区226组，按周升3.2%；新界区194组，按周上升3.2%。 智通财经APP获悉，香港置业分行统计，十大指标屋苑于本周末(11月8日至9日)预约看楼量录得约449 组，较上周升2.5%，不仅连续三周上升，更再度创下本年至今新高。香港置业研究部董事王品弟预计 全年楼价有望录得低单位数增幅，扭转过去三年以来的下跌趋势。发展商明显加快推盘步伐，11月将有 多个新盘陆续登场，预计全月一手成交量可再度达到2000宗，连续十个月成交突破千宗，创下最长纪 录。 ...

Core Viewpoint - The adjustment of commission rates by Beike's platform in Guangzhou has sparked discussions, with the commission for sellers increasing from 1% to 1.5%, while the buyer's commission remains unchanged. This change is perceived as part of a broader trend in the real estate brokerage market, where commission structures are becoming more flexible and competitive [1][5]. Group 1: Commission Structure Changes - Beike's internal sources indicate that the commission rates for second-hand housing transactions in Guangzhou have always suggested a 1.5% rate for both buyers and sellers, rather than being a recent change [1]. - The average commission rate for second-hand housing in major cities is around 2.2%, significantly lower than the 3% reference price, indicating a competitive market [2]. - In Guangzhou, commission rates typically range from 1.5% to 3%, with smaller agencies sometimes charging as low as 0.69% [4]. Group 2: Market Dynamics and Negotiation - The commission burden is shared among buyers and sellers in various proportions: 21% of transactions have buyers covering all costs, 50% have buyers covering the majority, and 29% are split evenly [3]. - The flexibility in commission rates allows for negotiations based on factors like property price and market conditions, leading to a non-standardized fee structure [4]. - The market is characterized by a high degree of competition, with some agents offering significantly lower fees to attract clients, such as the "Wu Qian Ge" group in Shanghai, which charges a flat service fee of 5,000 yuan [7][8]. Group 3: Regulatory and Competitive Landscape - The Ministry of Housing and Urban-Rural Development has encouraged a market-driven approach to brokerage fees, promoting shared costs between buyers and sellers [6]. - Recent trends show a rise in extreme competitive tactics among smaller agencies, including fixed low fees and full refunds on commissions, reflecting a price war in the industry [8]. - The overall pressure on second-hand housing prices remains significant, with a downward trend influenced by high listing volumes and weak market expectations [9].

2025年楼市"金九银十"周期正式收官，综合市场数据来看，一线城市成交量在10月虽环比有所回落，但 整体呈现趋稳态势。 价格方面，以价换量仍是市场主流。业内人士认为，修复购房者对房价的信心、稳定预期是当前推动市 场回稳的关键。 年末房企加大力度促销 从重点一线城市表现看，各个城市表现各异，但分化特征显著。以二手房市场为例，记者综合多家机构 的数据发现，北京楼市在9月高位运行后，10月市场有所降温，二手房住宅网签12087套，环比下调 23.7%；10月上海二手房累计成交18483套（含车位、商业），环比9月下跌9.83%；10月深圳新房住宅 环比下降14.1%，二手住宅网签量环比下降7.7%。此外，广州市房地产中介协会发布的数据显示，10月 （统计周期为9月26日至10月25日），广州市二手住宅网签套数和面积分别为7479套、74.32万平方米， 相比9月均有所下降。 不过，市场人士普遍认为，从绝对规模看，今年"金九银十"期间一线城市的交易量并不低，在通常情况 下10月的楼市成交也会受到长假影响，市场成交节奏被打乱，成交量环比下跌在意料之中。与此同时， 据深圳市房地产中介协会统计数据显示，截至10月深圳二手房 ...

Core Viewpoint - The article discusses the recent changes in commission fees for second-hand housing transactions in Guangzhou, highlighting the shift in the commission structure and the impact of market conditions on pricing strategies [3][10]. Commission Fee Changes - Recent reports indicate that the commission rate for sellers on the Beike platform in Guangzhou has increased from 1% to 1.5%, while the buyer's commission remains unchanged [3][4]. - The average commission rate across 25 major cities in China is reported to be 2.2%, which is approximately 30% lower than the mainstream reference price of 3% [5][10]. - In Guangzhou, the commission rates typically range from 1.5% to 3%, with smaller agencies sometimes charging as low as 0.69% [5][10]. Market Dynamics - The current "buyer’s market" has reduced the bargaining power of sellers, leading to a decrease in their ability to negotiate commission fees [7][10]. - The increase in commission fees for sellers is attributed to a high volume of listings and prolonged transaction times, with average selling periods exceeding 200 days [10][11]. - The competitive landscape has led to some agencies offering aggressive pricing strategies, such as zero commission for buyers and reduced fees for sellers [14][15]. Industry Trends - The article notes a significant "involution" phenomenon in the real estate agency sector, where smaller agencies engage in price wars, leading to unsustainable low commission rates [13][14]. - Experts suggest that the future of commission pricing should be more refined, with a focus on service content and transparent pricing [12][15]. - Despite the downward trend in commission fees, leading agencies may maintain their pricing standards due to their established market position [15][16].