Asia Pacific Equity Research 31 December 2025 China Property Another new policy that is unlikely to shift the dial The MOF announced a reduction in value-added tax (VAT)—from 5% to 3%— for sales of homes owned for less than two years. The VAT for sales of homes owned for 2 years or more remains exempt (note: some news headlines may be worded to suggest this VAT exemption is new, but in reality this is not new). The latest move is not a total surprise, as market speculation back in November (more) already su ...

拿地市场方面，2025年房企补仓积极性有所提升。TOP100企业拿地总额达9640亿元，同比增长3.9%。 陶淑茹认为，这一增长态势主要得益于两方面因素：一方面，为稳定土地市场，多地推出利好政策，推 地质量也不断提升，增加了房企拿地积极性；另一方面，近年来房企拿地力度较弱，存量土地已基本开 发殆尽，当前均抓住利好时机积极补仓，以图可持续发展。拿地热度来看，呈"前高后低"态势，前三季 度拿地同比增幅超三成，四季度随着土拍活动减少，拿地增幅持续缩窄。 具体来看，企业拿地格局呈现鲜明特点，央国企依然是拿地主力，同时民营房企积极性持续回升。拿地 金额前十企业中8家为央国企，滨江集团、邦泰集团、大华集团等民营房企成功跻身拿地金额TOP30。 从拿地策略来看，民营房企主要聚焦热点一二线核心城市及优势区域深耕，如滨江集团重点布局杭州、 大华集团深耕上海、懋源地产聚焦北京。头部企业拿地集中度进一步提升，2025年拿地金额TOP10企业 占TOP100企业的比例高达50.5%，TOP20企业占比达62.7%，较去年底分别提高9.1个百分点和7.8个百分 点，头部效应愈发凸显。 新华财经上海1月4日电（谈瑞）中指研究院对2025 ...

开栏语：过去一年北京的新房市场，在"好房子"政策引导下，呈现出鲜明的结构性特征。购房者的选择变得既清晰又困难：清晰的是，市场对高品质改善住 宅的追捧已成共识；困难的是，如何在众多新盘中甄别出真正的价值之选？新年伊始，北京商报地产频道推出特别策划——《北京新房去化率排行》。在网 签才是硬道理的当下，我们为购房者全面梳理2025年入市的新盘网签情况，以价格区间进行科学排名，穿透营销表象，为市场提供一份冷静、专业的购房参 考。 第一期我们关注单价6万元/平方米以下的刚需新盘，这部分房源，在2025年进入"避险模式"。购房者将"确定性"奉为最高准则。北京商报记者统计，2025 年，北京单价6万元/平方米以下的刚需住宅市场中，共有24个项目入市；从去化表现来看，市场呈现出显著分化特征。门头沟长安华曦府凭借更具实用性的 户型及充足的收纳空间，以94.13%的去化率成为年度"去化王"。北京兴创沐春墅去化率却仅3.36%，在同价位市场中去化垫底。更多的项目整体去化节奏平 稳，保持在30%—50%。 在低总价与户型实用性成为决定刚需户型销售表现的核心因素后，户型实用性则是关键加分项，均好卧室、灵活改造空间及系统化收纳可适配多代 ...

和樾望雲由华润置地和越秀地产联合开发，地理位置优越，其北接中关村软件园，南邻清华、北大，叠 加优质学区资源。3月21日，项目开盘，凭借"越秀+华润"国央企的双重背书，开盘当日吸引超4000组客 户，1分钟销售额就突破85亿元。 1分钟销售额就突破85亿元。 2025年，北京市商品住宅成交34961套，成交金额2685.7亿元。其中，位于海淀的和樾望雲以669套、 8.77万㎡、92.25亿元的成绩，成为全市新房年度金额销冠。 ...

粤进深 赵盼盼 1月4日，白云区太和镇未来产业创新核心区AB1208028地块竞价出让，被中建国际以底价31470.52万元拿下，折合楼面价4641.67元/㎡。 地块总用地面积106579㎡，其中可建设用地面积88716㎡，住宅可建设用地面积22600㎡，计容建筑面积67800㎡，容积率3.0。 地块位于太和镇民营科技园田心村，距离14号线太和站约500米。周边有太和金铂天地、太和新天地、新业广场、太和人民医院、广东外语外贸大学实验中 学、广州市白云区太和中学等配套资源。 | 交易公告 | 公告附件 | 土地概况（招商土地超市) | 竞价记录 | 交易结果 | 真他公告 | | --- | --- | --- | --- | --- | --- | | | 广州市规划和自然资源局国有建设用地使用权网上挂牌出 | | 穗规划资源挂出告字(2025)94号 | | | | | 经广州市人民政府批准,广州市规划和自然资源局以挂牌方式出让1宗地的国有建设用地使用权,现将有关事 一、挂牌出让宗地的基本情况和规划指标要求 | | | | | | 序号 | 宗地坐落 | 土地用途 | 宗地面积(平方 米) | 计容建筑面 ...

根据中指监测，2025年12月1日-2025年12月28日中西部重点城市武汉、成都、重庆累计开盘39次，推出 房源4124套，推盘量环比基本与上月齐平，其中老推新项目为主，刚改、改善型产品占据主流，占比为 72.97%。整体去化情况一般，个盘去化良好，武汉的万科东合映象等4盘，成都的中旅金沙馥棠等6个 项目开盘去化非常好。 ...

撰文｜刘颂辉 编辑｜陈梦妤 封面、内文图源｜刘颂辉 元旦假期第二天，上海的天气终于告别阴雨，迎来万里晴空，各大售楼处门口看房的车辆也多了起来。 家住浦东新区东方体育中心附近的陈阿伯是福建人，近期正琢磨着将手中一套184平方米的洋房出售置换。趁着假期，他和儿子儿媳一同驱车来到前滩南 板块看房。 "价格越来越低，心里慌，又不知道哪个时间点置换更合适。旧的舍不得卖，毕竟价格上远没有达到心里预期。"2026年1月2日上午，《每日经济新闻》记 者（以下简称每经记者）在陆家嘴集团开发的前滩滨江道项目遇到了正在看房的陈阿伯一行人。 不同于此前新盘动辄数百万元的认筹金门槛，前滩滨江道可谓低姿态入市——不仅认筹金为50万元，项目均价也定在了11.65万元/平方米。即便如此，一 番实地看房后，陈阿伯还是决定"再等等"。 1 多项利好政策元旦生效 每经记者注意到，小长假期间，上海楼市供销两端同步发力，市区和郊区均有楼盘入市。 1月1日当天，静安区内环的誉静安项目二批次启动认购，均价为12万元/平方米；闵行区的象屿天誉兰香项目启动认购，备案均价约8万元/平方米。 同日，闵行区保利都汇和煦项目开盘推出144套房源，备案均价69888元 ...

Shares of City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) were up 3.8% during trading on Wednesday . The company traded as high as $6.2150 and last traded at $6.2150. Approximately 362 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 7,974 shares. The stock had previously closed at $5.99. Get City Developments alerts: Analyst Ratings ChangesSeparately, Dbs Bank upgraded City Developments to a “moderate buy” rating in a research note on Tuesday, November 2 ...

Company Overview - Cyrela Brazil Realty SA Empreendimentos e Participações is a leading Brazilian residential real estate developer, founded in 1962 and headquartered in São Paulo, known for high-quality construction and sustainable building practices [2] - The company focuses on luxury and mid-market housing projects, combining modern amenities with meticulous craftsmanship [2] Core Activities - The company's core activities include land acquisition, project design, construction management, and sales of residential units such as condominiums, single-family homes, and mixed-use developments [3] Financial Performance - Cyrela Brazil Realty has a current ratio of 8.45, a quick ratio of 8.45, and a debt-to-equity ratio of 0.22, indicating strong liquidity and low leverage [1] - The firm has a market capitalization of $2.04 billion and a P/E ratio of 6.02, suggesting it may be undervalued compared to its earnings [1] - The company's stock performance shows a 50-day simple moving average of $6.10 and a 200-day simple moving average of $5.34, indicating recent upward momentum [1] Stock Activity - Shares of Cyrela Brazil Realty SA opened at $5.70 after closing at $5.55, with a trading volume of 800 shares [5]

Group 1: Corporate Actions - Devyani International's board has approved a Scheme of Arrangement for the amalgamation with Sapphire Foods India Ltd, effective from April 1, 2026, with a share exchange ratio of 177 shares of Devyani for every 100 shares of Sapphire [1] - NLC India has transferred seven Renewable Energy Assets to its wholly owned subsidiary, NLC India Renewables Ltd, effective January 1, as per a Business Transfer Agreement [2] - Indegene's step down subsidiaries, Indegene Aptilon Services, Inc. and Trilogy Writing & Consulting Inc., have amalgamated to form Indegene Healthcare Canada Inc., effective January 1, 2026 [5] - Achyut Healthcare has received approval from BSE Limited to migrate its equity shares from the BSE SME platform to the BSE Main Board Platform, enhancing market access for investors [6] Group 2: Financial Developments - Vodafone Idea has received a GST penalty order of approximately ₹638 crore and plans to take legal action against it, following a recent relief on its Adjusted Gross Revenue dues [2] - Bharat Electronics Limited has secured additional orders worth ₹569 crore, including communication equipment and medical electronics [4] - Trident Lifeline has acquired an additional 9.04% stake in Trident Mediquip for approximately ₹4.42 crore [7] - Railtel Corporation has received a Letter of Acceptance for an order estimated at ₹56.71 crore from Assam Health Infrastructure Development & Management Society [9] Group 3: Project Announcements - K2 Infragen Ltd has announced receipt of a Letter of Acceptance for a ₹262 crore project from Indian Railways, focusing on traction substations and related infrastructure [8] - Olectra Greentech has commenced commercial operations for its Greenfield Electric Vehicle manufacturing facility in Hyderabad, with an annual production capacity of 2,500 buses [10] - Modis Navnirman Ltd has been appointed as the developer for the redevelopment of BOI Staff Sheetal Co-operative Housing Society in Mumbai, with an estimated Gross Development Value of ₹250 crore [11] Group 4: Regulatory Issues - Britannia Industries has received a tax demand order amounting to ₹108.50 crore for incorrect availment of input tax credit over six financial years [12]