Core Insights - The new residential land parcel QT030501-47-2 in the Xia Sha area is set to be auctioned on October 28, with a total area of 19,734 square meters and a buildable area of approximately 45,388 square meters, featuring a floor area ratio of 2.3 [1][2] Group 1: Land Parcel Details - The land parcel has a minimum building height of 12 meters and cannot include villa-type products, with a minimum of 4 floors and a maximum height ratio of 3:1 between the highest and lowest parts [1] - The starting floor price for the land is set at 10,500 yuan per square meter [2] Group 2: Market Context - The listing of this land parcel marks a significant opportunity for the Qiantang River Bay area, which has seen no new land offerings for residential development in 15 years [3] - The area has a history of development since the completion of the Jiangdong Avenue in 2006, attracting various real estate companies and becoming a popular residential area [3] Group 3: Target Demographics - The new land parcel is expected to attract young families and those looking to upgrade their living conditions, especially if the pricing is reasonable and the new developments offer improved quality and layout [4] Group 4: Local Amenities - The land's proximity to established residential communities and commercial areas provides immediate access to mature amenities, including parks, shopping centers, and educational institutions [7] - The area is surrounded by quality educational institutions, offering a full range of educational opportunities, which enhances its appeal to potential residents [7]

Summary of the Conference Call on China's Property Sector Industry Overview - **Industry**: China's Property Sector - **Focus**: Transformation and upgrade during the 15th Five-Year Plan (2026-2030) aimed at establishing a new development model to enhance living standards and stabilize the property market [1][7] Core Points and Arguments New Development Model - The property sector will transition from construction to providing full life-cycle property services, emphasizing quality over scale [1][9] - Key features include: - Establishing a three-pronged housing system: commodity housing for affordable buyers, rental housing for urban migrants, and social housing for low-income classes [1][9] - Optimizing production factors (people, housing, land, capital) through Hukou and land reforms [1][12] - Urban renewal initiatives to enhance city capacity and promote high-quality homes [1][9][23] Housing Supply and Demand - Land sales revenue is projected to stabilize at approximately RMB 4 trillion annually from 2026 to 2030, reducing local government reliance on land sales for fiscal revenue [1][2] - The government aims to increase annual investments in social housing and urban renewal to around RMB 0.9-1 trillion, with a focus on rectification and upgrades rather than full demolitions [2][50] - Supply-side measures include revitalizing existing lands, controlling new land supply, and enhancing the quality of property supply [3][26] Urbanization and Market Dynamics - Top-10 cities are expected to outperform in property sales, land sales, and rental markets due to urbanization and population concentration [4][65] - The new urbanization policy aims to reshape the value of satellite cities, enhancing their attractiveness through improved logistics and infrastructure [67] Policy Support and Financial Measures - The government is implementing supportive fiscal and monetary policies, including special bonds for social housing and urban renewal projects [68][71] - Local governments are encouraged to repurchase idle land and housing inventory to stimulate the market [68][69] Important but Overlooked Content - The shift in focus from "having a home" to "having a good home" reflects changing consumer preferences and the need for better living conditions [8][9] - The integration of building information modeling (BIM) technology and energy-saving innovations in housing construction is emphasized as part of promoting good-quality homes [24][23] - The expected decline in new supply due to the transition to selling completed properties may lead to cautious land purchases by property firms, impacting cash flow [22][21] Conclusion - The 15th Five-Year Plan outlines a comprehensive strategy for the transformation of China's property sector, focusing on quality, sustainability, and social equity. The emphasis on urban renewal, affordable housing, and policy support indicates a proactive approach to addressing the challenges faced by the industry.

Core Insights - Akropolis Group has successfully completed the acquisition of Galio Group, becoming the sole owner of the company, which is expected to enhance revenue growth and development opportunities [1] Group 1: Acquisition Impact - The acquisition has increased the value of Akropolis Group's real estate portfolio by approximately 30%, rising from EUR 1.1 billion to EUR 1.4 billion [3] - The number of income-producing properties managed by Akropolis Group has expanded significantly from 5 to 60 following the acquisition [3] - The concentration of shopping centers within the portfolio has decreased from 96% to 73%, indicating a diversification across different asset classes [3] Group 2: Company Background - Galio Group has been involved in the development of commercial and residential real estate projects in the Baltic region for nearly 20 years, managing assets valued at over EUR 300 million [2] - Akropolis Group currently manages five shopping and entertainment centers, including three in Lithuania and two in Latvia [4] - Post-acquisition, Galio Group will continue to develop real estate projects in the Baltic States, including ongoing residential projects like reVINGIS and Mosso in Vilnius [4]

Core Insights - International Land Alliance, Inc. (ILAL) reported ongoing sales activity and construction progress at its Baja California communities, with 3 new homesite sales at Rancho Costa Verde and 2 at Cabo Oasis Resort [1] - The Cabo Oasis Resort, launched in Q3 2024, has 500 planned home sites, representing over $15 million in gross lot sales potential and approximately $125 million in potential construction revenue [2] - Rancho Costa Verde is a 1,100-acre community with over 1,000 residential lots sold and over 100 single-family homes built, with 50 currently under construction [3] - The company has achieved several construction milestones, including the delivery of two completed custom single-family homes and ongoing roadwork in the Cabo Oasis community [3] - Cabo Oasis features 500 acres of master-planned development with ocean views and resort amenities, designed for sustainable coastal living [4] - ILAL focuses on acquiring land and real estate assets in Northern Baja California and Southern California, aiming to provide accessible housing solutions through innovative design and technology [5] Company Overview - International Land Alliance, Inc. is a publicly traded real estate development company based in San Diego, California, dedicated to sustainable and socially responsible solutions [6] - The company utilizes proptech and construction tech to enhance its development processes and aims to build environmentally friendly communities for vacation, retirement, and investment buyers [6]

Asia Pacific Equity Research 21 September 2025 China Property and Macro The housing market needs more policy support soon There are multiple signs that the housing market is weakening further, and with 4Q being a high base, the data may look even worse soon. Just like how the Fed may only cut interest rates when macro data turns worse, the same logic applies to policy support in China's housing market ("the worse, the better"). Admittedly, in the near term, we may not anticipate an "all-in" type of policy b ...

Summary of Key Points from the Conference Call Industry Overview - **Industry**: China’s Economic Sentiment and Domestic Demand - **Date**: September 24, 2025 - **Source**: Morgan Stanley Asia Limited Core Insights 1. **Domestic Demand Cooling**: Domestic demand in China is slowing more than expected, attributed to a fading fiscal impulse and reduced effectiveness of consumer goods trade-in programs. The growth rate for Q3 GDP is projected at 4.5%[5][6][7] 2. **Exports Remain Firm**: Despite domestic demand cooling, exports are holding steady, with a year-over-year growth of 10.4% in container throughput as of the third week of September, largely due to a low base from adverse weather last year[4][5] 3. **Commodity Prices**: The anti-involution impulse is fading, leading to a short-lived rise in commodity prices. However, this increase may not be sustainable as rising costs for downstream firms may not be passed on to final demand[3][5] 4. **Policy Stance**: The Chinese government is expected to implement modest, targeted quasi-fiscal support rather than large-scale stimulus. This includes potential funding for infrastructure and settling local government payables[5][7] 5. **Cyclical Policy Measures**: Anticipated quasi-fiscal easing measures include Rmb500 billion in new policy-based financial instruments for local infrastructure investment and tapping into policy bank loans to help local governments settle payables, which could total Rmb5-10 trillion[7][5] 6. **Reform Discussions**: The Fourth Plenary Session is expected to discuss structural reforms related to cadre evaluations, tax systems, and social insurance systems, which are crucial for stabilizing inflation expectations and unlocking household savings[7][5] Additional Important Points 1. **Retail Growth Decline**: Retail growth in sectors such as autos and home appliances has cooled further in September, influenced by a high base effect and the diminishing impact of trade-in programs[6][20] 2. **Property Market**: Property sales and construction activities remain subdued, with year-over-year growth for housing sales expected to decline due to base effects[6][5] 3. **Container Throughput Divergence**: There is a notable divergence in performance between exports to the US and other regions, with US-bound shipments showing little change[4][12][14] 4. **High Frequency Data**: Recent high-frequency data indicates a negative sequential price momentum in major upstream sectors since mid-August, suggesting a potential downturn in commodity prices[3][8] This summary encapsulates the key insights and data points from the conference call, providing a comprehensive overview of the current state of the Chinese economy and its implications for investment opportunities and risks.

Company Involvement - HSBC Holdings Plc is directly involved in urging its Hong Kong subsidiary, Hang Seng Bank Ltd., to sell off portfolios of bad real estate debt, highlighting concerns over the struggling property sector in Hong Kong [1][4] - HSBC has directed its global chief corporate credit officer and the head of its special credit unit to ensure that Hang Seng initiates the sale process [2] Financial Impact - Hang Seng Bank is in the early stages of selling property-backed loan portfolios valued at over $3 billion, following an 85% year-on-year increase in impaired Hong Kong real estate loans [3][4] - As of June, Hang Seng had impaired loans to Hong Kong commercial real estate amounting to HK$25 billion ($3.2 billion) [4] Market Context - The Hong Kong banking sector is experiencing significant strain due to the worst real estate slump since the late 1990s Asian financial crisis, with discussions of creating a "bad bank" to manage approximately $25 billion in soured loans [4][6] - The China Real Estate Chamber of Commerce has proposed a HK$20 billion fund to invest in distressed properties to mitigate systemic financial risks [6] Strategic Approach - HSBC aims for a holistic approach to the disposal of bad debts, involving top bankers in London to expedite the process, rather than relying on piecemeal attempts [7] - Hang Seng is looking to offload two portfolios backed by real estate assets from Hong Kong developers and a third portfolio backed by real estate in mainland China [8] Historical Context - Following the crisis in the late 1990s, the Hong Kong Monetary Authority (HKMA) implemented directives to prevent non-performing loans (NPL) build-up, but these did not provide a clear strategy for managing bad debt [9] - There is a noted gap in institutional knowledge as senior bankers who previously managed clean-ups have left the industry [9] Implementation Challenges - There are uncertainties regarding the adherence to HSBC's directive, as Hang Seng and consulting firms have reached out to private credit firms without clear instructions on the next steps for loan acquisition [10]

Real Estate Market Overview - The real estate market is not always "easy money" [4] - Existing homeowners are hesitant to move due to higher mortgage rates, with 80% having rates under 5% and facing a potential move to a 7% market [5] - Texas is not "doomed" despite rumors of Airbnb destroying the market [7] Texas Market Dynamics - The median home price in Texas is up 40%, creating a difficult situation for potential sellers [6] - Austin is experiencing significant population growth, with 400 people moving there daily, equating to adding the city of Pittsburgh every four to five years [8] - Austin has the fastest rental rate in the United States based on net absorption [10] Austin Commercial Development - Despite construction challenges, Austin's market is expected to strengthen due to the influx of people and intracompany business [9] - Tesla's $16 billion deal with Samsung, which has a location in Taylor (just outside of Austin), is expected to positively impact the market [9] - Major companies like Tesla, Oracle, Schwab, and Dell have a presence in Austin [8] Builder Concessions - Builders are offering concessions and price decreases to move new homes, indicating a less favorable market than headline numbers suggest [4] - New homes being sold require builders to make less money to move units [5]

华盛顿, Sept. 25, 2025 (GLOBE NEWSWIRE) -- EB5 Capital 公司欣然宣布已完成对 Woodfield Development 公司旗下亚特兰大 Woodrow 公寓 (JF41) 项目的 4240 万美元投资。 这个高失业率的目标就业区 (TEA) 项目位于美国佐治亚州亚特兰大市，属于 A 级多户住宅开发项目，其中包含 4 栋现代化公寓楼（共 300 套公寓单元）及 25 栋联排别墅。 该开发项目将配备宽敞的休闲空间，包括度假式泳池与休闲区、一流的健身中心以及充满活力的游戏庭院，所有设施均采用顶级市场标准的室内设计与精装工艺。 亚特兰大被视为美国东南部的金融和商业中心，也是众多大型企业的所在地，包括 UPS、Coca-Cola、Delta Airlines、Home Depot 和 CNN。 JF41 项目位于亚特兰大南部子市场，这是个紧邻市中心的快速发展区域。 该项目所处位置交通便捷，可轻松抵达多条主要交通干线，且距离全球最繁忙的机场亚特兰大 Hartsfield-Jackson 国际机场仅 10 英里。 EB5 Capital 公司投资部高级副总裁 Jonath ...

As filed with the U.S. Securities and Exchange Commission on September 24, 2025. Registration No. 333-290068 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________ AMENDMENT No. 1 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _____________________________________ LORENZO DEVELOPMENTS INC. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) ___________________________ ...