Core Viewpoint - The Shenzhen Municipal Housing Provident Fund Management Committee has released a new set of regulations for the withdrawal of housing provident funds, aimed at enhancing support for employees in purchasing and renting homes, with the new rules set to take effect on December 15, 2025 [1][11]. Group 1: Home Purchase Support - The new regulations introduce multiple scenarios for fund withdrawal related to home purchases, easing conditions to better meet the housing needs of employees [3][13]. - A new provision allows employees and their family members to withdraw funds for the down payment of a home before it is fully paid. Families with one home can withdraw the full balance, while those with two homes can withdraw 60% of the balance, not exceeding the unpaid down payment [3][15]. - The regulations support a "withdraw and loan" approach, allowing the withdrawn amount to be included in the calculation of the loan limit for ordinary housing provident fund loans [21][22]. - The application period for home purchase withdrawals has been extended from three years to five years, allowing employees to apply for withdrawals up to five years after the purchase date [4][26]. Group 2: Tax Payment and Loan Repayment - New provisions allow employees to withdraw funds to pay for taxes related to the purchase of their first or second home, with the withdrawal amount not exceeding the actual tax paid [5][27]. - The scope of loan repayment withdrawals has been expanded from the city to nationwide, allowing employees to withdraw funds for repaying loans on their first or second homes across the country [29][30]. Group 3: Rental Support - The new regulations introduce a phased adjustment mechanism for rental withdrawal limits, increasing the monthly withdrawal limit from 65% to 80% of the current month's contribution for a two-year period starting November 1, 2025, for employees without homes [39][40]. - The support for rental withdrawals has been expanded to include families with two or more children, removing the previous requirement of having at least one minor child [45]. - Employees renting public rental housing can continue to withdraw based on actual rent, and new support is provided for those renting affordable housing [46]. Group 4: Urban Renewal Support - The regulations enhance support for employees involved in urban renewal projects by introducing three new withdrawal categories: self-funded renovation of old housing, installation or replacement of old elevators, and increased area for relocated housing [8][47]. - The total withdrawal amount for urban renewal projects cannot exceed the actual contribution made by the applicant [48].

城市居住，第一衡量标准永远是地段。这条房地产界的铁律，在上海市场被简化为一句"内环大于中环，外环最次"的共识。这背后，其实是对生活资源浓 度的精准判断：在短程范围内，工作、教育、医疗等资源能否完善配套，直接决定了生活品质的高低。但当预算不足以支付核心区的房价时，城市轨道交 通的价值便凸显出来。轨交一定程度上抹平了配套的距离感，成为平衡生活品质与成本的关键砝码。随着距离逐渐拉远，房价也逐渐降低的原因也在于 此。如果已经决定通过轨交来平衡总价，那地铁的首末站向来是值得重点考虑的区域。 首要原因是价格。以刚过去的十月份数据为例，首末站次新房的价格平均比前两站低15%左右。其次便是通勤体验：同样是一小时的通勤时间，站着和坐 着根本就是两码事。首末站基本可以保证上车有座，让通勤没有那么劳累。从数据角度来看，大家用脚投票的结果也是如此：客流量最大的站点有超过三 分之一都是地铁首末站。 一年前，我们线下去踩点了一些首末站，有些站点基本还是工地状况，也被吐槽生活不方便，纯粹就是用时间换空间。今年我们再一次实地踩盘，看看首 末站的变化，性价比是不是大家想象得那么高？ | | | | | 天前房 营作 情况 | | | --- ...

海南省住房和城乡建设厅党组成员、副厅长吴刚： 建设与海南自贸港发展相适应的住房保障体系 本期《自贸港厅局长访谈》栏目邀请海南省住房和城乡建设厅党组成员、副厅长吴刚，介绍我省正 在构建与海南自由贸易港发展相适应的住房保障体系，解决好新发展形势下本地居民和引进人才的住房 问题，不断增强人民群众的获得感、幸福感和安全感。 记者：让海南人民"住有所居 住有优居"是建设自贸港的任务目标之一，针对这个目标，海南设计 了什么样的住房保障体系? 吴刚：海南的住房保障体系简单来说分为三类。一类是政府主导，政府要兜底的一部分，这一类主 要是针对低收入家庭和低保家庭以及中等收入偏下家庭。这类我们有公租房和实物补贴这种方式;另一 类是针对新市民或者是产业工人，还有一些收入比中等偏下高，但是买商品房又比较困难的群体，通过 政府出台支持政策，然后以市场化的方式建一些安居房和保障性租赁住房，这一类由政府提供政策支 持。第三类就是商品房，通过市场方式购买住房解决住房问题。 记者：近年来，海南推出安居房政策保障本地居民家庭和引入人才住房需求，目前政策落实得怎么 样? 吴刚：我们是在2020年开始在6个市县试点实施安居房政策，当时主要是为了保障 ...

北京商报讯(记者王寅浩李晗)北京市住建委官网数据显示，12月1日北京新房网签289套，网签面积16024.73平方米，其中住宅网签64套，网签面积9050.34平 方米；二手房网签531套，网签面积45752.41平方米，其中住宅网签452套，网签面积42129.62平方米。 | 商品房数据统计 | | --- | | 可售期房统计 | | 2025 年10月预售许可 | | 2025/12/1其 | | --- | --- | --- | --- | --- | | 可售房屋套数: | 96961 | 批准预售许可证: | 9 | 网上认购 | | 可售房屋面积(M²): 8070241.2400 | | 批准预售面积(M²)： 146520.6600 | | 网上认购面积 | | 其中 | 42102 | 其中 住宅套数: | 697 | 其中 住宅 | | 面积(M2): 5803678.6300 | | 面积(M2): 110554.8000 | | 商积( | | 商业单元: | 283 | 商业单元: | 0 | 商业 | | 面积(M2): 181109.2000 | | 面积(M²): | 0 ...

Core Viewpoint - Yuka Development (SZ 000514) announced a debt restructuring proposal related to group purchase payments with the Chongqing Economic and Technological Development Zone Land Utilization Affairs Center during its board meeting on November 26, 2025 [1] Company Summary - Yuka Development's revenue composition for the first half of 2025 is as follows: 66.35% from real estate development and operation, 18.14% from the operation of the Shihuang Tunnel, and 15.51% from exhibition operations [1] - As of the report, Yuka Development has a market capitalization of 4.5 billion yuan [1]

Core Viewpoint - Han Guo Properties (00160) reported a mid-term performance for 2025-26, showing a revenue of HKD 438 million, a year-on-year increase of 38.49%, but a significant shareholder loss of HKD 227 million, expanding by 480.81% compared to the previous year [1] Group 1: Financial Performance - The company's revenue reached HKD 438 million, reflecting a growth of 38.49% year-on-year [1] - Shareholder loss amounted to HKD 227 million, which is an increase of 480.81% year-on-year [1] - Earnings per share reported a loss of HKD 0.32 [1] Group 2: Business Operations - The commercial and retail leasing portfolio in mainland China, particularly in Shenzhen, Guangzhou, and Chongqing, remained stable [1] - The HONKWORK shared office space and HonLink leasing plan are attracting tenants with flexible, efficient, and sustainable solutions [1] - The Hong Kong operations, including the Jordan Centre and fully leased data center, continue to provide stable income, reinforcing the recurring revenue base [1] Group 3: Sales and Revenue Sources - Residential sales led by "Port Exchange" contributed an operating profit of HKD 56.6 million, indicating robust sales performance [1] - The retail space "Tongqingfang" performed well due to its carefully selected tenant mix, aligning with local demand, demonstrating the continued consumer preference for mixed-use concepts [1] Group 4: Hotel Performance - The Japanese hotel portfolio showed strong performance, with high occupancy rates and room prices in Tokyo and Osaka, validating the company's long-term investment strategy in the region [1] - The Bao Xuan Hotel (Central) is expected to reopen in January 2026, with all retail spaces fully leased, anticipated to be a significant revenue source in the second half of the year [1]

北京商报讯(记者王寅浩李晗)北京市住建委官网数据显示，11月22日北京新房网签125套，网签面积9928.1平方米，其中住宅网签72套，网签面积8512.33平 方米；二手房网签206套，网签面积18357.92平方米，其中住宅网签191套，网签面积17245.12平方米。 | 商品房数据统计 | | | | | | --- | --- | --- | --- | --- | | 可售期房统计 | | 2025 年10月预售许可 | | 2025/11/22其 | | 可售房屋套数: | 94561 | 批准预售许可证: | 9 | 网上认购3 | | 可售房屋面积(M²): 7802449.9200 | | 批准预售面积(M²): 146520.6600 | | 网上认购面积( | | 其中 | 41341 | 其中 住宅套数: | 697 | 其中 住宅] | | 面积(M2): 5594189.0900 | | 面积(M²): | 110554.8000 | 面积( | | 商业单元: | 283 | 商业单元: | 0 | 南亚 | | 面积(M2): 181109.2000 | | 面积(M²): ...

Core Insights - The article highlights the significant role of China Resources Land in the development and operation of sports venues during the 15th National Games, showcasing its capabilities as a "city investment and development operator" [2][3][8] - The company employs a unique "3+1" integrated business model, which includes three main business segments and an ecosystem element, demonstrating its comprehensive approach to urban development [3][4] - China Resources Land has been deeply involved in residential development in Shenzhen, having completed over 30 projects that provide housing for nearly 50,000 families, reflecting its commitment to high-quality living environments [6][7] Group 1: Event and Operational Strength - The 15th National Games served as a test of both the hard and soft strengths of urban construction and operational services, with China Resources Land delivering impressive results across eight major venues in Shenzhen [3] - The company's involvement in the Shenzhen Universiade Center project exemplifies its innovative approach, completing a comprehensive renovation in just 19 months, which has set a benchmark for venue operations nationwide [4] Group 2: Business Model and Urban Development - The "3+1" model of China Resources Land integrates development, operational real estate, and light asset management, along with ecosystem elements, to maximize project value and achieve resource synergy [3][4] - The company has transformed the Houhai area into a vibrant urban center over nearly 20 years, blending high-end commercial, cultural, and recreational elements [3][4] Group 3: Residential Development and Quality Living - China Resources Land has consistently focused on enhancing residential quality, with projects like "Happiness Residence" and "Yuefu" setting high standards in luxury living [6][7] - The upcoming Shenzhen Bay project is positioned as a pinnacle of high-end living, emphasizing human-centered design and luxury [6][7] Group 4: Future Outlook - The company is committed to continuing its role as a key player in urban development, leveraging its experience and capabilities to contribute to the evolution of Shenzhen into a better city [8]

Core Viewpoint - China Jinmao (00817) plans to sell 100% equity of its subsidiary, Jinmao (Sanya) Tourism Co., Ltd., for asset securitization purposes, with a listing price of RMB 2.2646 billion on the Beijing Property Exchange [1] Group 1: Company Overview - The target company primarily holds the Ritz-Carlton Hotel in Sanya Yalong Bay, a five-star hotel that opened in 2008 and features 446 guest rooms and suites [1]

Core Viewpoint - China Jinmao (00817.HK) plans to sell 100% equity of its subsidiary, Jinmao (Sanya) Tourism Co., Ltd., for asset securitization purposes, with a starting price of RMB 2.265 billion [1] Group 1: Company Details - The target company primarily holds the Ritz-Carlton Hotel in Sanya Yalong Bay, a five-star hotel that opened in 2008 and features 446 guest rooms and suites [1] - As of the announcement date, no buyer has been determined for the 100% equity stake, and no binding agreements have been established regarding the proposed sale [1]