Group 1 - The phenomenon of high-net-worth individuals aggressively purchasing luxury homes is observed in multiple core cities [2][3] - Significant transactions include Zhang Yong's purchase of a luxury home in Hong Kong for HKD 53.54 million and record sales in Shanghai and Beijing [2][3] - In the first three quarters of 2025, 27,372 units of residential properties priced over CNY 10 million were sold in 11 key cities, marking a 15.6% increase compared to the same period in 2024 [2] Group 2 - The luxury real estate market in Beijing is particularly active, with notable auction sales and high bidding activity [3] - The sale of 25 luxury units in Shanghai's Gao Fuyun Jing project on the opening day set a record for single-project sales, generating sales of CNY 3 to 4 billion [3] - The Hong Kong luxury market also shows strong activity, with significant purchases made at prices above market valuations [3][4] Group 3 - The high-end residential market is seen as a preferred asset for high-net-worth individuals, providing value preservation and risk defense [5] - The active luxury market is expected to stabilize asset values in core areas and restore overall market confidence [6] - Recent high-end projects in Shenzhen are anticipated to inject new energy into the luxury market, reflecting strong demand [6]