June 23, 2025 12:53 PM GMT China Property | Asia Pacific M Update Weekly Database Tracker #25 Key Takeaways Asia Pacific Weekly primary unit sales in 50 cities were -10% YoY (vs. -9% YoY last week) for Industry View In-Line the week ended June 22: Tier 1 city sales were -23% YoY (vs. -8% YoY last week). Tier 2 city sales were -10% YoY (vs. -12% YoY last week). Tier 3 city sales were -1% YoY (vs. 0% YoY last week). Weekly secondary unit sales in 10 cities were -10% YoY (vs. +6% YoY last week): Tier 1 city we ...

China Weekly: May Mixed Growth, Softer Fiscal Condition; June Weaker Home Sales High frequency: weaker home sales in June, softer port activities 30-city property sales declined further to -9% YoY in the first 21 days of June from - 3% YoY in May. That in tier 1 cities slid to -4% YoY, tier 2 cities narrowed decline to - 12% YoY and tier 3 cities declined by -6% YoY. Port cargo throughput and container throughput growth both softened to -1% YoY and 2% YoY in the first 15 days (vs 4% YoY and 7% YoY in May). ...

Core Viewpoint - The California Court of Appeals upheld a previous ruling regarding Tejon Ranch Company's Centennial development, affirming that the company prevailed on 20 out of 23 trial court items, while the company plans to collaborate with Los Angeles County to advance the project for regional benefit and shareholder value [2][3]. Company Overview - Tejon Ranch Co. is a diversified real estate development and agribusiness company with a principal asset of 270,000 acres located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield [5]. Centennial Development - Centennial at Tejon Ranch is a proposed master-planned, mixed-use community covering approximately 12,000 acres, designed to be one of California's most sustainable communities, with plans for up to 19,333 homes, including over 3,000 affordable units [6]. - The development aims to address urgent needs for housing, jobs, and open space preservation in Los Angeles County [3][4]. Strategic Positioning - The company has a long history of navigating California's complex land use processes and expresses confidence in advancing the Centennial project to generate value for shareholders while providing housing and job opportunities [4].

Company Overview - Earth Science Tech, Inc. operates as a strategic holding company focused on value creation through acquisition, operational optimization, and management of its operating businesses [1] - The company's current operations include compounding pharmaceuticals, telemedicine, and real estate development through its subsidiaries [1] Financial Performance - Cash increased to $1,473,228 as of March 31, 2025, up from $697,721 as of March 31, 2024, representing a 111.15% year-over-year improvement [4] - Total assets rose to $7,066,721, compared to $3,881,336 as of March 31, 2024, marking an 82.07% year-over-year increase [4] - Revenue for the fiscal year reached $33,117,624, a significant increase from $11,953,635 for the year ended March 31, 2024, reflecting a 177.05% year-over-year growth [4] - Gross profit was reported at $24,300,136, compared to $7,828,496 for the previous year, indicating a 210.41% year-over-year improvement [4] - Net profit increased to $3,253,635, up from $812,139 for the year ended March 31, 2024, representing a 300.63% year-over-year growth [4] - Outstanding shares decreased to 295,347,903 from 309,981,819 as of March 31, 2024, a reduction of 4.72% [4] Subsidiaries and Operations - RxCompoundStore.com, LLC is a fully licensed compounding pharmacy operating in multiple states and territories, actively pursuing licensure in remaining U.S. states [2] - Mister Meds, acquired on October 1, 2024, received full compounding licensure in March 2025 and operates a facility with advanced sterile compounding capabilities [3] - Peaks Curative, LLC is a telemedicine referral platform offering consultations for compounded medications prepared at RxCompound and Mister Meds [4] - Las Villas Health Care, Inc. provides healthcare services to the Spanish-speaking community, focusing on advanced sexual health treatments [5] - Avenvi, LLC is engaged in real estate development and asset management, overseeing a $5 million share repurchase program [6] - MagneChef is a direct-to-consumer retail brand developing new cooking products utilizing its patents and intellectual properties [7]

Core Insights - Safehold Inc. has successfully closed a ground lease and leasehold loan for a new 259-unit multifamily development in Downtown San Diego's East Village [1][2] - The project will be developed by Riaz Capital, which is investing through its Qualified Opportunity Zone fund [1] - Safehold aims to enhance its presence in the San Diego market and provide comprehensive financing solutions [2] Company Overview - Safehold Inc. is a leader in the modern ground lease industry, having established this sector in 2017 [2] - The company focuses on unlocking land value for owners of various property types, including multifamily, affordable housing, office, and mixed-use properties [2] - As a real estate investment trust (REIT), Safehold seeks to deliver safe, growing income and long-term capital appreciation to its shareholders [2]

Core Insights - Quarterra Group, a subsidiary of Lennar Corporation, has launched leasing for Artemas, a mid-rise apartment community in Everett, Massachusetts, featuring 396 apartment homes and 1,500 square feet of retail space [1][2] Company Overview - Quarterra Group focuses on creating long-term value through the development of high-quality multifamily communities across the United States, leveraging institutional scale and local market expertise [8] - The company is expanding its Emblem portfolio, which includes affordably priced communities designed to meet the needs of modern renters while promoting sustainable housing solutions [9] Project Details - Artemas is designed to reflect the vibrant character of Everett, offering amenities such as a rooftop deck with views of Boston, fitness center, resort-style pool, and various communal spaces [3][6] - The community is strategically located near entertainment options, parks, and retail hubs, enhancing the living experience for residents [3][4] Apartment Features - Residents can choose from studio, one-, and two-bedroom floor plans ranging from 561 to 1,481 square feet, with select units offering additional living spaces and luxury finishes [5] - All apartments are equipped with modern amenities, including stainless steel appliances and quartz countertops, with some featuring balconies and walk-in closets [5] Accessibility and Connectivity - Artemas is conveniently located near public transportation options, including the MBTA Orange Line and bus routes, providing easy access to Downtown Boston and surrounding areas [4]

Core Points - Alico, Inc. supports the establishment of the Corkscrew Grove Stewardship District, which aims to enhance community infrastructure in eastern Collier County [1][3][6] - The legislation received unanimous support from various Florida legislative bodies and local government [2] - The district will facilitate Alico's infrastructure financing, natural area management, and community administration [3][5] Company Overview - Alico, Inc. is a Florida-based agribusiness and land management company with over 125 years of experience, managing approximately 51,300 acres across 8 counties [9] - The company focuses on strategic land development and diversified agricultural operations to create long-term shareholder value [9] Project Details - Alico announced the creation of Corkscrew Grove Villages, covering approximately 4,600 acres, which will include two 1,500-acre villages and over 6,000 acres of conservation area [4] - The Corkscrew Grove Stewardship District will be overseen by a five-member Board of Supervisors and will collaborate with local agencies for infrastructure development [5][6] - Alico is currently seeking approval for the East Village, with a decision expected in 2026 and potential construction starting in 2028 or 2029 [7]

Group 1 - The Fuzhou Public Resource Trading Network announced the transfer of 232 residential units, including Jingyun Mansion 1202 and Jinhui Longyue Garden Area 2101, on June 25, 2025 [1][4] - The transfer was conducted by the Fuzhou Land Development Center, with an assessed value and transaction price of 561.18847666 million yuan [4] - The acquiring party is Fuzhou Anzhu Development Co., Ltd., which is a wholly-owned subsidiary of Fuzhou Industrial Park Development Group [10][12] Group 2 - Jingyun Mansion project is located at No. 66 Banjiao Road, Gushan Town, Jin'an District, Fuzhou, consisting of 212 residential units with a total construction area of approximately 14,437.01 square meters [5] - Jinhui Longyue Garden Area 2 is located at No. 301 Tianquan Road, Wufeng Street, Gulou District, Fuzhou, comprising 20 residential units with a total construction area of approximately 1,754.08 square meters [5] - The residential units in Jingyun Mansion have undergone secondary decoration and are currently vacant, while the units in Jinhui Longyue Garden Area 2 are not yet decorated and are also vacant [5] Group 3 - Fuzhou Anzhu Development Co., Ltd. has been tasked with acquiring stock housing for conversion into affordable rental housing, indicating a continued focus on increasing the supply of affordable housing in Fuzhou [12][14] - The company has previously acquired a significant amount of stock housing across Fuzhou's main urban areas, including Gulou, Taijiang, Jin'an, and Cangshan [12] - The establishment of the "Ucuo Apartment" brand marks Fuzhou's first long-term rental apartment brand developed and operated by a state-owned enterprise [12][14]

Core Viewpoint - The real estate market in Xi'an is experiencing significant differentiation, with developers struggling to sell properties while high-end luxury products are in high demand, indicating a complex market dynamic [1] Policy Measures - Xi'an's government has introduced measures to stabilize the real estate market, focusing on two main areas: improving the accessibility of housing provident fund usage and ensuring the simultaneous construction of supporting facilities like education and healthcare with new housing projects [1][5] - The new policy allows employees to withdraw their housing provident fund for down payments, which is expected to enhance housing consumption and market confidence [2][3] Market Dynamics - The real estate market is showing signs of cooling, with a 0.4% month-on-month decline in new home sales prices and a 3% year-on-year drop in May [7] - The new home supply area decreased by 39% year-on-year, and transaction volume fell by 13%, indicating a significant reduction in market activity [7][8] - The average transaction price for new homes remains at 17,924 yuan per square meter, but the market is experiencing a stark contrast between shrinking demand for affordable housing and robust sales in the luxury segment [8][9] Luxury Market Performance - High-end properties are performing exceptionally well, with some projects selling out within 50 days, highlighting a structural support for premium assets despite overall market challenges [9] - The luxury segment's success contrasts sharply with the declining demand in the affordable housing market, which has seen a significant drop in transaction volumes [8][9] Land Supply and Development - The new policy aims to reform land supply by establishing a dynamic pricing model linked to surrounding property sales, which is intended to stimulate land acquisition and development [5][6] - The government has also introduced measures to ease financial pressures on developers, such as allowing partial payment of land transfer fees and expediting the development process [5][6]

Core Points - Hepsor AS amended its articles of association on 12 June 2025, with the new articles registered on 25 June 2025 [1][2] - The amended articles of association are available on the company's website [2] Company Overview - Hepsor AS is a developer of residential and commercial real estate operating in Estonia, Latvia, and Canada [2] - Over fourteen years, the company has developed 2,076 homes and nearly 36,300 square meters of commercial space [2] - Hepsor is recognized as the first developer in the Baltic States to implement innovative engineering solutions for energy-efficient and environmentally friendly buildings [2] - The company currently has a portfolio of 25 development projects totaling 172,800 square meters [2]