12月30日，位于北京CBD核心板块的璞樾，迎来超级界面实景亮相。随着项目西侧主入口及百米城市 界面的完整呈现，这一备受市场关注的高端住宅作品，首次以完整、可感知的实景呈现，对外展示其产 品理念与兑现能力。 不同于过往住宅以普通围墙与门头为主的传统表达，璞樾选择在北京CBD这条凝聚三十年腾飞气象的 世界轴线，将社区之"门"融入国际都市CBD界面品质升级的城市诉求。为此，不囿于传统形制和单一材 质，璞樾匠心打造出一道长约170米，高约8.3米的超级界面，落地了项目最具识别度的空间表达，为持 续发展的新北京CBD打造了一扇全新的"门"。 在北京CBD这一稀缺高价值地块上，这一重金打造的超级界面，不仅承担着北京人居雅奢新高度的展 示功能，更成为城市空间的一部分，回应当下北京对高品质城市界面的期待。它重新诠释了"门"的当代 意义。这里是业主归家的第一重空间，也是全球感知北京CBD人居新高度的关键门面。 百米超级界面，重塑北京人居礼序 在普通项目中，奢石往往只是点缀性的存在，而在璞樾，奢石却得以大面积上墙，成为城市界面的主体 语言，充分体现出项目在产品层面的极致投入。 这一重金打造的北京首个超百米城市超级界面，整体长度 ...

北京进深 徐迪 12月19日，中建运河玖院二期取得预售许可证。 包括0807、0808、0810三幅地块上的12栋住宅楼，共552套。 拥有通州最高住宅楼的0811地块暂未推出。 准售建面7.29万㎡，预售均价6.75万元/㎡，货值总计49.21亿元。 | 预售项目信息 | | | --- | --- | | 项目名称 | 玖运佳苑 (二期) | | 坐落位置 | 通州区城市副中心0101街区F2X-0101-0807地块R2二类居住用地;北京城市 0808地块R2二类居住用地;北京城市副中心0101街区F2X-0101-0810地块R | | 开发企业 | 北京玖合通运企业管理服务有限公司 | | 行政相对人代码 | 91110112MAELG7X832 | | 法定代表人姓名 | 妻昆 | | 预售许可证编号 | 京房售证字(2025)148号 [查看预售许可证图片] | | 发证日期 | 2025/12/19 | | 预售登记备案管理部门 | 通州区住房和城乡建设委员会 | | 许可机关 | 北京市住房和城乡建设委员会 | | 许可有效期限 | 起始时间为取得商品房预售许可证之日，终止时间为商品住房交付 ...

这几年，西安的住宅地块容积率在逐步的降低，这是很明显的一个趋势。 但即使如此，容积率能够在2.0以下的住宅地块也是少之又少。 这个时候，一旦有低容积率项目入市，必将引发业内、购房者的关注。 曲江二期，继今年中铁置业摘得的1.7容积率地块之后，在附近又曝出了一宗容积率1.2-1.7的住宅地块！ 周边成熟的配套，再加上超低的容积率，准备在西安拿地的开发商，可以紧盯这块地了！ 01 曲江二期曝出容积率1.2-1.7住宅地块 2025年12月17日，曲江新区官网发布了《曲江新区QJ-05-21-02地块实施详细规划及QJ8-9-39宗地规划条件公示》。 此次发布规划条件的这块地，位置在公田四路与春临四路交汇处西南角，土地面积30.0075亩，土地性质为住宅用地，容积率1.2-1.7，建筑密度不大于 28%，绿地率不小于35%，地上建面24006㎡-34000㎡。 虽然这块地的体量不大，但是其位置、低容积率，已经决定了这块地的价值。 从这块地所处的区域来看，属于曲江二期。 曲江二期在十年前的时候曾经迎来过一波开发热潮，当时保利、万科、中海、金辉、天地源、招商蛇口、金地等房企同一时间在曲江二期有项目开发。 因此，经过十几 ...

当市场步入"现房时代"，置业逻辑正经历深刻重塑：效果图所承载的想象，已让位于实景呈现的"确定性"。中建·玖玥 府正是这一趋势下的生动范本。 自入市以来，中建·玖玥府便以精工品质赢得市场持续认可。2024年，项目以签约640套的佳绩，荣登南城销冠之位， 再度验证了中建玖合打造品质标杆的深厚实力。 如今，在市场的期待中，中建·玖玥府二期以"全维现房实景"之姿正式回归。这不仅是产品层面"确定性"的全面升级， 也是对"西红门业绩之王、产品力标杆"市场赞誉的有力回应。 从期房到现房 彰显品牌产品兑现力 真正的品质好房，始于承诺，成于兑现。中建·玖玥府承袭中建玖合的高标准品牌基因，将图纸上的构想，全维度转化 为可感知的质感、可沉浸的园林以及可享有的丰盈日常。这份"眼见为实"的踏实，正是当前市场最珍贵的安心保障。 从期房承诺到现房实景，中建·玖玥府二期完成了一场关于"兑现力"的完整叙事。其背后，离不开中建二局秉持的严苛 建造标准与"智能建造"体系。正是这份根植于企业基因的精工追求，以及高于行业的标准坚守，让"所见即所得"的承 诺在每一处细节中从容落地。 以区域标杆之姿 迭代西红门高阶人居 步入社区，一座以《逍遥游》为灵感、 ...

Core Insights - The project "Longhu Enxiang. Lingyun Song" in Changping New Town East District has received a pre-sale permit, with the registered name "Lingyun Song Yuyuan" [1] - A total of 536 residential units across 23 buildings (1, 2, 4-24) are approved for sale, with average prices ranging from 52,800 to 56,500 CNY per square meter [1] - The overall project consists of 24 buildings, including 7-15 story villas and small high-rise residential buildings, totaling 580 units [1] Project Details - The main unit types include three-bedroom layouts of 78㎡ and 96㎡, as well as four-bedroom layouts of 112㎡ and 139㎡ [1] - All units feature a ceiling height of 3 meters [1]

Group 1 - The core viewpoint is that the high-rise residential buildings are becoming less viable for developers due to high demolition and reconstruction costs, as well as maintenance challenges [1][3][5] - Developers are reluctant to invest in high-rise projects because the cost of demolition and reconstruction has increased significantly, making it less profitable compared to low-rise developments [3][7] - The market for housing in China is approaching saturation, reducing the necessity for the demolition and reconstruction of older high-rise buildings [5][10] Group 2 - High-rise buildings require substantial ongoing maintenance costs, and once maintenance funds are depleted, residents and property management are often unwilling to invest in repairs [3][8] - Future housing demands will prioritize quality over quantity, leading to a potential shift away from high-density living environments [8][12] - The urban population concentration has led to infrastructure challenges, suggesting a need for more balanced development between urban and rural areas [10][12]

Financial Performance - FY25 Net Operating Profit was $58.5 million, up 60% on FY24[8] - Operating Earnings per Share were 12.48 cents, up 61% on FY24[8] - FY25 Dividends Per Share (DPS) were 7.75 cents, up 82% on FY24[8] - Book NTA per share increased by 5% from $1.31 in FY24 to $1.37 in FY25[8, 57] - Group revenue increased by 39% from $314.4 million in FY24 to $437.3 million in FY25[53] Operational Highlights - 2,768 lots were sold in FY25[10] - 2,642 lots were settled in FY25[12] - Contracts on hand value reached $612 million[13] - The company's gearing was 27.5% at 30 June 2025[8] Strategic Initiatives - A strategic review has commenced to ensure the business is optimally positioned to capitalize on favorable market dynamics[25] - The company aims to unlock short-term and long-term value through the strategic review[27] Land Bank and Future Projects - The company has a pipeline of 30,785 lots with an end value of $13.2 billion[33] - The company plans to launch new projects in FY26 and FY27, including communities and townhouse/apartment sites, with a total GDV of $3.928 billion across 5,944 lots/units[89]

Core Insights - Toll Brothers Apartment Living has opened a new luxury apartment community named Piper in Norwalk, Connecticut, featuring 393 apartment homes with a mix of studio, one-bedroom, two-bedroom, and three-bedroom units [1][5] Company Overview - Toll Brothers Apartment Living is the rental subsidiary of Toll Brothers, Inc., recognized as the nation's leading builder of luxury homes, and has been named to the National Multifamily Housing Council's Top 25 Largest Developers list for five consecutive years [6][8] - The company has completed over 10,000 units nationally and has more than 18,000 units currently in production [6] Product Offering - Piper features modern design elements and luxury amenities, including quartz countertops, stainless steel appliances, oversized closets, and smart home technology [2] - The community offers various amenities such as a resort-style courtyard with a pool, fitness center, rooftop deck, coworking lounge, and pet spa [3][4] Location and Accessibility - Piper is strategically located along the West Avenue corridor, providing residents with easy access to dining, shopping, cultural attractions, and regional transit [4] - The community is in proximity to the South Norwalk Metro-North station and I-95, facilitating connectivity to Stamford, New Haven, and New York City [4]

Core Viewpoint - Neinor Homes has announced a €1,070 million tender offer to acquire 100% of AEDAS Homes, aiming to consolidate its leadership in the European housing market [1][2]. Financial Structure - The acquisition values AEDAS at €24.485 per share, with an adjusted price of €21.335 per share after accounting for €136 million in dividends [2]. - The transaction is supported by approximately €1.25 billion in committed capital, including €500 million in equity and €750 million through senior secured notes [3]. - Neinor has entered into a standby volume underwriting agreement with Banco Santander and J.P. Morgan for up to €175 million [4]. Strategic Implications - The acquisition provides Neinor with a portfolio of approximately 20,200 units at a 30% NAV discount, primarily located in Madrid [6][9]. - AEDAS' portfolio includes 13,809 units under production and 9,049 units either under construction or completed, with €1.7 billion in future revenues from pre-sold units [7]. - The transaction is expected to generate €150 million in earnings uplift over 2025-2027, representing a 40% increase compared to the strategic plan target [8]. Growth and Profitability - Neinor is revising its net income target for 2023-2027 to approximately €510 million, a 40% increase from the original target [13]. - The company anticipates earnings per share to rise to approximately €5.9, a 25% increase from previous estimates [13]. - The acquisition is projected to add €900 million in free cash flow from 2025 to 2030, allowing for increased shareholder remuneration [8]. Market Positioning - This acquisition positions Neinor as the largest and most diversified residential developer in Spain, enhancing its capacity to build and develop approximately 43,200 units [14][16]. - The transaction reinforces Neinor's commitment to the Spanish housing market, ensuring that AEDAS' platform remains under the control of a Spanish listed company [15]. - The combined entity aims to address the fragmented housing supply in Spain, leveraging operational excellence and local expertise [17][20].