证券之星消息，1月12日房地产开发板块较上一交易日下跌0.4%，三湘印象领跌。当日上证指数报收于 4165.29，上涨1.09%。深证成指报收于14366.91，上涨1.75%。房地产开发板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600094 | 大名城 | 5.03 | 10.07% | 69.97万 | 3.49 Z | | 600773 | 西藏城投 | 14.07 | 5.16% | 28.78万 | 4.02亿 | | 600266 | 城建发展 | 7.15 | 4.84% | 437.66万 | 30.92亿 | | 600658 | 电子城 | 6.20 | 2.82% | 42.84万 | 2.62亿 | | 600736 | 苏州高新 | 7.71 | 2.80% | 101.69万 | 7.92亿 | | 600604 | 市北高新 | 6.26 | 1.95% | 50.39万 | 3.15亿 | | 000036 | 本联控股 | 6.85 ...

交银国际仍预计，内房二级市场的需求将持续改善并好于一级市场，新房市场将保持基本稳定，平稳发 展可期，认为买家将继续偏好国企项目。继续看好华润置地(01109)和越秀地产(00123)，认为这两家公 司在过去几年的销售表现优异，且在销售方面执行能力更强; 均予"买入"评级。 智通财经APP获悉，交银国际发布研报称，根据克而瑞的初步数据，去年12月内地前百开发商全口径销 售总额由11月2,444亿元人民币(下同)环比升39.5%至3,409亿元。该行跟踪的20家主要上市开发商12月销 售额环比升48.2%，主要由于龙头央企表现优异。去年12月销售额排名前10开发商中，9家均为国企， 其中保利发展(600048.SH)排名第一。 ...

作为国际滨水未来生活样板的先行者与践行者，澐启滨江作为"课题创新实践基地"，以空间为纸、以滨 江为笔，在这幅流动的时代画卷上落笔点睛。它不仅是黄浦江畔的一座建筑群，更是一个持续生长的生 命共同体——在这里，历史文脉被温柔延续，当代艺术与日常场景无缝交融，公共空间成为情感联结的 枢纽，自然生态与城市活力彼此滋养。 当江河的脉动与城市的呼吸同频，当历史的记忆与未来的想象交融，一座伟大的滨水城市便拥有了书写 文明新篇的底气，此次城市空间跨界高峰论坛以思想者、管理者、设计者、实践者的身份一一续写国际 滨水生活的精彩章节。 潮启世界：共识的升起 当城市更新进入"人文权重"时代 论坛在充满张力的时代叩问中启程。上海，这座江河哺育的东方大都市，其滨水地带已超越传统的交通 与产业功能，演变为衡量城市文明程度、创新活力与治理智慧的首要标尺。本次跨界对话，正是为了在 这一关键领域凝聚共识，探索前路。 上海市城市更新研究院郭戈所长在开幕致辞中率先定调。她深刻指出，城市竞争已步入 "以文化论输 赢"的新阶段，并强调，在城市从"增量扩张"转向"存量提质"的进程中，文化绝非点缀，而是驱动高质 量发展的核心"软基建"。保护传承与创新发展的 ...

中信建投证券研报指出，新城控股2025全年实现商业运营总收入140.9亿元，同比增长10.0%，其中四季 度单季实现商业运营总收入35.8亿元，同比增长7.7%，全年顺利完成140亿元收入目标。截至2025年年 底，公司持有物业整体出租率为97.82%，较三季度末上升0.11 个百分点，出租率维持高位。2025年11 月公司以上海青浦吾悦广场为底层资产，成功发行6.16亿元持有型不动产ABS，标志着公司向资产运营 深化转型取得了实质性突破。公司商业运营持续向好、财务状况稳定，维持"买入"评级和21.82元的目 标价不变。 ...

电子城公告称，公司全资子公司昆明公司诉讼案处于一审待开庭阶段，公司为原告，涉案金额暂计2.98 亿元。原诉讼请求为判令慧港投资公司支付回购款等共7.77亿元，空投集团承担连带责任。现因二被告 履约能力不足，变更新诉请，包括解除相关回购合同、要求支付逾期付款违约金、资产贬值损失等，争 议金额暂计2.98亿元。案件对公司利润影响尚不确定，公司会及时披露进展。 ...

格隆汇1月12日｜A股三大指数今日继续上涨，沪指录得17连阳；截至收盘，沪指涨1.09%报4165点，深 证成指涨1.75%，创业板指涨1.82%。全市场成交额达3.64万亿元创历史新高，较前一交易日增量4922亿 元，超4100股上涨。 | 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 4165.29 | 14366.91 | 1605.77 | | +44.86 +1.09% +246.76 +1.75% +81.51 +5.35% | | | | 科创50 | 创业板指 | 万得全A | | 1511.84 3388.34 6853.53 | | | | +35.87 +2.43% +60.53 +1.82% +115.78 +1.72% | | | | 沪深300 中证500 中证A500 | | | | 4789.92 8249.13 5948.70 | | | | +30.99 +0.65% +192.44 +2.39% +66.75 +1.13% | | | | 中证1000 | 中证2000 | 中证红利 | | 8357.01 | 3507.11 | ...

近日，湘德地产举办2025-2026年终述职暨年会活动。大会全面复盘了过去一年的发展历程，并对未来 区域深耕、行业赋能与美好生活筑造进行了战略展望。 会上，湘德地产多维度开展优秀员工及骨干评选。重点表彰在党建引领、业绩冲刺、品质服务等关键任 务中表现突出的团队与个人，通过树立标杆、表彰先进，进一步凝聚全员共识，为持续领跑区域市场注 入强劲精神动力。 (责任编辑：房晓宇) 湘德地产精准研判行业趋势，明确突围方向，带领团队实现党建与经营同频共振，2025年9月-12月销售 额占比燕郊份额的50%，稳居环京区域之首。作为业绩重要支撑，公司打造的约106万平方米综合体大 盘，具备高品质、精装修、地铁口、准现房等稀缺优势。各项经营指标同步提升：项目完工累计交付面 积约45万㎡，交付房源3404套，收房率与客户满意度均超95%，扎实履行"保交楼、保民生"承诺，逐步 形成"党建引领+战略统筹+品质产品+服务保障"的核心竞争力。 2025年，湘德地产坚持以党建为核心引领，深化"党业融合"发展路径，精准谋划破局策略。全年实现认 购332套，金额5.2亿。在履行社会责任的同时，以高质量发展成果交出了一份优异答卷。 ...

Macroeconomic Insights - December CPI year-on-year growth expanded, primarily due to a low base and rising food prices[8] - PPI year-on-year decline narrowed, influenced by rising non-ferrous metal prices and the ongoing effects of "anti-involution" policies[8] - The price environment may continue to improve in 2026, with PPI supported by deepening "anti-involution" policies and tightening competition for key minerals[8] Market Trends - In December, the top 100 real estate companies achieved a total sales amount of CNY 341.5 billion, a month-on-month increase of 39.7%[33] - For the full year 2025, the cumulative sales amount for the top 100 real estate companies was CNY 3.36 trillion, a year-on-year decrease of 19.8%[33] - The new stock market saw 18 new listings in December, raising over CNY 30 billion, with average first-day gains of 214% for the main board and 296% for the dual innovation board[18] Industry Performance - The credit bond issuance volume increased seasonally, with a total of 332 bonds issued, amounting to CNY 312.27 billion, a week-on-week increase of 306%[22] - The domestic electrolytic aluminum price reached CNY 23,300 per ton, the highest since March 2022, with the aluminum-to-copper price ratio hitting a 20-year high[42] - The solid-state battery industry is entering a new phase of industrialization, with expectations for mass production by 2026-2027[47]

Investment Rating - The report maintains a rating of "Buy" for several commercial real estate companies, including Longfor Group, China Overseas Development, Link REIT, and others [10][5]. Core Insights - The C-REIT market is entering a comprehensive development era, with significant potential for commercial real estate REITs, driven by abundant stock, high adaptability for securitization, and strong market recognition [1][12]. - The report emphasizes that commercial real estate REITs can enhance asset liquidity and facilitate value reassessment for related enterprises, particularly benefiting those deeply engaged in commercial real estate and management services [1][12]. - The potential market size for domestic commercial real estate REITs could reach trillions, with a current market value of only 40.8 billion, indicating substantial growth opportunities [3][12]. Summary by Sections International Comparison - In the U.S. and Japan, commercial real estate constitutes a significant portion of REITs, with respective shares of 43% and 55% as of November 2025 [2][16]. - The report highlights that income volatility affects risk premiums and valuation differences, with hotel REITs showing the highest dividend yields and office REITs the lowest due to their sensitivity to economic fluctuations [2][16]. Domestic Outlook - The report forecasts a substantial expansion potential for C-REITs, particularly in the retail sector, as domestic demand mirrors that of the U.S. market [3][56]. - Factors driving the growth of commercial real estate REITs include the emergence of projects with management premiums and location advantages, as well as a significant stock of quality assets [3][12]. Market Style - The report suggests that the C-REIT market may adopt a fixed-income plus investment mindset, similar to Japan's market style, with stable assets likely to present valuation premiums [14][56]. - It notes that the domestic REITs market is expected to benefit from the recent regulatory changes that broaden the asset base to include office buildings and hotels [3][56]. Investment Recommendations - The report recommends investing in established commercial real estate operators and property management companies with management premiums and strategic advantages, including Longfor Group, China Resources Land, and others [5][15].

智通财经APP讯，大龙地产(600159.SH)发布公告，公司控股子公司北京大龙顺发建筑工程有限公司(以 下简称"大龙顺发")近期参与了北京市顺义区顺义新城0201街区东风商场片区项目SY00-0201-093地块R2 二类居住用地、SY00-0201-086地块A334托幼用地项目施工公开招标活动。根据北京市公共资源交易服 务平台2026年1月12日发布的项目中标候选人公示，大龙顺发为该项目的第一中标候选人。投标报价 7.63亿元。 ...