Corporate Developments - Ocean Service announced the signing of a continuous related transaction agreement for the period from 2026 to 2028, covering property management, pre-delivery services, consulting, and other value-added services, as well as some exempt transactions related to property leasing. The agreement requires approval from independent shareholders at a special meeting [1][14]. New Land Projects - On December 9, a total of 280 new land projects were added in key cities, with a planned construction area of 13.68 million square meters. This includes 96 residential projects, 52 commercial office projects, 107 industrial projects, and 25 other types of projects. Notably, Chongqing had the highest number of new projects at 52. The largest planned project is located in Wuhan's Xinzhou District, covering an area of 319,969 square meters, with a transaction floor price of 1,973 yuan per square meter [2][15]. Market Research - On December 9, a total of 2,578 property-related tender notices were published in key regions such as Beijing-Tianjin-Hebei and Guangdong-Hong Kong-Macao. Non-residential properties accounted for a significant portion, with 2,425 tender projects. Among non-residential categories, office property tender notices were the most numerous at 1,270. A noteworthy project is the sanitation service project for Xi'an Chanba International Port, with a budget of 82.6365 million yuan [5][22]. Capital Market Dynamics - On December 10, the Hang Seng Index closed up by 106.55 points, an increase of approximately 0.42%, closing at 25,540.78 points. Among 61 listed property service companies in Hong Kong, 17 saw an increase in stock price. Zhong An Smart Life led the gains with a rise of 3.54% [7][23]. - The average market capitalization of the 61 listed property companies in Hong Kong was 4.297 billion HKD. As of the close, seven property service companies had a total market capitalization exceeding 10 billion HKD. China Resources Mixc Life was the largest with a market cap of 97.371 billion HKD, followed by Wanwu Cloud at 22.894 billion HKD and Country Garden Services at 20.930 billion HKD. The average price-to-earnings ratio for these companies was 9.89 times, with DeShang Property Investment Services having the highest at 70.04 times [7][23].