Core Points - Vallourec has signed an exclusive sale agreement with VINCI Immobilier for the Déville-lès-Rouen site, marking a significant milestone in the selling process [1][6] - The sale follows a major decontamination and rehabilitation process initiated by Vallourec since 2023, fulfilling commitments to local officials [2] - VINCI Immobilier's project aims to transform the site into a business hub, creating 300 jobs and providing spaces for local businesses [4] Company Overview - Vallourec is a leader in premium seamless tubular solutions, serving energy markets and demanding industrial applications, with nearly 13,000 employees across more than 20 countries [7] - VINCI Immobilier, a subsidiary of the VINCI Group, operates in property development, managed residences, and real estate services, focusing on urban planning and sustainable development [9][10]

Summary of the AlphaWise China Property Survey July 2025 Industry Overview - **Industry**: China Property - **Survey Conducted**: July 14-16, 2025 - **Sample Size**: 2,060 residents across Tier 1 to Tier 4 cities - **Margin of Error**: ±1.7% at 90% confidence level [6][7] Key Findings Housing Price Outlook - **Worsening Sentiment**: A net 33% of respondents expect housing prices to fall in the next 12 months, a slight improvement from 36% in April [2][15] - **Tier 1 Cities**: 50% of respondents in Tier 1 cities anticipate a decline in housing prices, compared to 45% in Tier 2 cities [2][15] Home Selling Trends - **Urgency to Sell**: 44% of potential home sellers plan to sell within the next six months, down from 47% in April [3][18] - **Willingness to Accept Losses**: 56% of homeowners are willing to take a loss on their sale, up from 43% in April. Only 18% insist on selling above their purchase price, down from 21% [3][19][22] Home Purchase Plans - **Weak Purchase Intentions**: 51% of respondents are likely to consider buying property in the future, a slight increase from 49% in April. However, only 16% are "extremely likely" to purchase, up from 15% [4][11] - **Short-term Expectations**: Only 3% expect to make a purchase within the next 12 months, indicating continued caution among potential buyers [4][11] Investment Recommendations - **Defensive Strategy**: Given the weak physical market expected to persist into Q3, a cautious and selective investment approach is recommended [5] - **Stock Suggestions**: - **Consumption Beneficiaries**: CR Land (1109.HK) and CR Mixc (1209.HK) - **High-Dividend-Yield Plays**: C&D (1908.HK) and Greentown Management (9979.HK) [5] Additional Insights - **Negative Feedback Loop**: The combination of increased inventory, weak purchase plans, and homeowners' willingness to sell at a loss may prolong declines in property sales and home prices into Q3 [1][4] - **Market Dynamics**: The survey reflects a broader trend of declining confidence in the property market, particularly in major urban centers [2][17] Conclusion The AlphaWise survey indicates a continued decline in sentiment regarding the Chinese property market, with homeowners increasingly willing to accept losses and potential buyers remaining cautious. Investment strategies should focus on defensive positions and companies with strong visibility in the current market environment.

UOL, Frasers Property See Robust Sales At Upscale Singapore Residential Projects Despite New Property Curbs https://t.co/DvChacSMHT https://t.co/DvChacSMHT ...

Core Insights - Limitless X Holdings, Inc. is leveraging the global influence of boxing legend Manny Pacquiao to enhance brand visibility and align with its mission of empowering human transformation [1][5] - The company is launching HealthMD Inc., a subsidiary focused on personalized medicine and global wellness, integrating advanced health technologies with its consumer brand ecosystem [3][6] - Limitless X is expanding into various sectors, including Film and Television, and Real Estate, with a focus on wellness and lifestyle optimization [7][8] Group 1: Brand and Market Positioning - The recent Pay-Per-View boxing event featuring Manny Pacquiao has significantly elevated Limitless X's brand visibility in international markets [1] - Pacquiao's values of discipline and resilience resonate with Limitless X's mission, creating a strong alignment that enhances the company's market positioning [4][5] Group 2: Strategic Initiatives - The upcoming collaboration between Manny Pacquiao and Limitless X's CEO Jas Mathur aims to motivate individuals globally towards healthier and more purposeful lives [2][3] - HealthMD Inc. is set to redefine personalized medicine and preventative care, positioning itself as a leader in health management through data-driven solutions [3][6] Group 3: Expansion Plans - Limitless X is planning to enter the Film and Television sector, producing content that aligns with its wellness philosophy [7] - The company is also expanding its global distribution and international presence to deliver wellness-focused products to a broader consumer base [8]

Core Viewpoint - NewGenDigital has entered into a Memorandum of Understanding with BNW Real Estate Development LLC to develop a strategic plot of land in Ras Al Khaimah, UAE, with an estimated potential net return of up to US$67 million from the project [1][4]. Group 1: Partnership Details - The MOU aims to negotiate a Joint Venture Agreement to form a special-purpose vehicle for the development of the plot [1]. - BNW is responsible for all construction and management costs, while NewGenDigital will contribute 36% of the land cost, estimated at about US$24 million [3]. - BNW will initially cover the remaining 64% of the land cost and any payments made on behalf of NewGenDigital will be deducted from its final entitlement [3]. Group 2: Financial Projections - A feasibility study by BNW estimates a net return of up to US$67 million for NewGenDigital, representing a 272% return on investment after accounting for costs [4]. - The projected sale price is estimated at AED3,000 per square foot (approximately US$817), with a total saleable area of 527,753 square feet [4]. - Consultant, construction, and administration costs are estimated at AED823 per square foot [4]. Group 3: Company Background - NewGen is a comprehensive fertility services provider in Asia, with clinics in Thailand, Cambodia, and Kyrgyzstan, offering a full suite of fertility treatments [6]. - The company aims to expand beyond its core fertility services through strategic partnerships like the one with BNW [5].

Market Overview - Fuzhou's real estate data in the first half of the year was disappointing despite a series of policies introduced at the beginning of the year, indicating that market recovery will be increasingly difficult as policy effects wane and the industry remains sluggish [2] - The recovery of the market still relies on the revival of the first-time homebuyer segment, as the improvement in transaction volume for improvement housing contrasts with the poor performance of first-time buyer housing [2] - The State Council's meeting in June 2025 emphasized stabilizing expectations, activating demand, optimizing supply, and mitigating risks to promote a rebound in the real estate market [2] Land Market Analysis - Fuzhou's third and fourth land auctions in June 2025 concluded with a total transaction amount of 10.272 billion yuan, involving 16 plots, including 6 residential land plots and 10 plots for resettlement and commercial use, indicating a healthy and stable land market [3] - The land auction results reflect a significant participation from state-owned enterprises, with most plots acquired by local state-owned companies, showcasing a trend of state-led market dynamics [4] Real Estate Market Analysis - The Fuzhou real estate market in June 2025 exhibited a highly differentiated state, with prices primarily concentrated in the range of 10,000 to 25,000 yuan per square meter, while high-end projects were scarce but priced extremely high [6] - The market structure is characterized by an "olive-shaped" distribution, where the first-time buyer market dominates, and the second-hand housing market has become more active than the new housing market [7][8] New Housing Market - In June 2025, Fuzhou signed 2,811 new residential units, a significant increase of 33.98% from May, although excluding affordable housing data shows little change in the new housing market [8] - The majority of new housing transactions were concentrated in the districts of Cangshan and Jin'an, which accounted for a significant portion of the total signed units [8] Second-Hand Housing Market - The average price of second-hand housing in Fuzhou in June 2025 was 21,900 yuan per square meter, reflecting a slight decrease of 0.46% month-on-month [9] - The second-hand housing market in Fuzhou is influenced by the overall market environment, leading to a downward price trend [9] Regional Development Disparities - The central urban area, such as Gulou District, maintains high land prices due to concentrated resources, while areas like Cangshan show minimal price fluctuations, indicating strong value retention [5][11] - The market's performance in suburban areas like Mawei reflects challenges in property absorption, with lower transaction volumes and price stability [11] Summary and Outlook - The policy direction set by the State Council in June 2025 is expected to boost market confidence, with potential for more policies aimed at stabilizing the real estate market in the second half of the year [12] - If favorable policies are effectively implemented, Fuzhou's real estate market may see a rebound, with improved inventory turnover and gradually restored market confidence [12]

Core Insights - Liven Kodu 12 OÜ, a subsidiary of Liven AS, has signed a general contractor agreement with Mitt & Perlebach OÜ for the construction of residential buildings in phase II of the Luuslang project, with construction set to begin on August 1, 2025 [1][2] Group 1 - The construction will include four-storey residential buildings located at Jalami 6/1 and Jalami 6/2 in the Astangu neighbourhood of Haabersti [1] - A total of 39 new homes are expected to be completed by autumn 2026, alongside the reconstruction of the street and sewerage system on Astangu Street [2] - The total basic amount for the construction works is EUR 5.0 million plus VAT, with 15 out of the 39 homes, or 38%, already sold [2] Group 2 - By the end of 2023, 80 homes from phase I of the Luuslang project were completed, and future phases will include the construction of an additional 105 homes and a single-storey commercial building for catering use [3] - Kadarik Tüür Arhitektid OÜ is the architect responsible for the design of the residential buildings [3]

Core Viewpoint - The new residential project Chaotang Lanyue in Tongzhou has successfully attracted a significant number of young commuters from Chaoyang due to its favorable location and the recent lifting of purchase restrictions in Tongzhou, leading to increased sales velocity and volume in the area [1][5]. Group 1: Market Dynamics - The lifting of dual purchase restrictions in Tongzhou has brought back a large number of first-time homebuyers, particularly young commuters from Chaoyang, who prefer new homes over second-hand options [1][5]. - Projects like Yunqing Lanyue, Huaxi Yunjin, and Guoyu Song have seen good sales performance, with Yunqing Lanyue being particularly successful due to its tailored offerings for the target demographic [1][5]. - The 69 square meter unit in Chaotang Lanyue has been fully subscribed, indicating strong demand for smaller, affordable units [1]. Group 2: Product Analysis - The 86 square meter unit in Chaotang Lanyue faces competition from similar products in the market, which may dilute its perceived uniqueness [3]. - The appeal of the 69 square meter unit lies in its cost-effectiveness rather than its overall product quality, raising questions about long-term value retention [7][13]. - The design of the 69 square meter unit, while functional, may feel cramped as family needs evolve, highlighting the importance of considering future living requirements when purchasing [10][13]. Group 3: Location and Future Prospects - The location at the intersection of Chaoyang and Tongzhou presents both opportunities and risks, as the area is subject to varying development speeds and potential planning issues [15]. - The ongoing infrastructure investments in Tongzhou, particularly in the Yungang Business District, are expected to enhance the area's attractiveness and property values over time [15]. - The long-term viability of properties in this transitional area will depend on their liquidity and the ability to sell at favorable prices in the future [15].

Company Overview - Hepsor AS is a developer of residential and commercial real estate operating in Estonia, Latvia, and Canada [3] - The company has created 2,076 homes and nearly 36,300 square meters of commercial space over fourteen years [3] - Hepsor is recognized as the first developer in the Baltic States to implement innovative engineering solutions for energy-efficient and environmentally friendly buildings [3] - The company has a portfolio of 25 development projects totaling 172,800 square meters [3] Share Capital Increase - On 8 July 2025, the Supervisory Board of Hepsor AS decided to increase the share capital by €57,821 related to the acquisition of a 20% stake in Hepsor Latvia OÜ from Hugomon OÜ [1] - The share capital increase was registered in the Commercial Register on 17 July 2025, bringing the total registered share capital to €3,912,522, divided into 3,912,522 shares with a nominal value of €1 [2] - The company plans to submit an application for the admission to trading of the new shares on the main list of the Nasdaq Tallinn Stock Exchange [2]

Core Insights - The net asset value (NAV) of EfTEN United Property Fund units increased by 1.3% month-on-month, reaching 11.17 euros at the end of June [1] - The fund reported a net profit of 358 thousand euros in June and a total net profit of 1.679 million euros for the first half of 2025, compared to 401 thousand euros during the same period last year [1] Group 1: Profit Sources - The largest profit in June was generated from the investment in Invego Uus-Järveküla OÜ, amounting to 384 thousand euros [2] - The transfer of 14 terraced houses in the third stage of development contributed a profit of 479 thousand euros [2] - The development company's bank loan balance was reduced to zero by the end of June due to the repayment obligation associated with property rights agreements [2] Group 2: Asset Valuation - A regular valuation of the EfTEN United Property Fund assets was conducted at the end of June, revealing a decrease in the value of the former Danske bank office building and Menulio 7 office building [3] - The value of properties under EfTEN Kinnisvarafond II AS increased, balancing the overall valuation impact [3] - The Kristiine shopping center's value remained unchanged, with its financial results exceeding planned EBITDA by 5% for the first half of the year [3]