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Yuexiu Property Wins 12.6 Billion Yuan Bid for Land Parcels in Beijing
Brokerage morning meeting highlights: Bullish on investment opportunities in the Commercial Property Sector in 2025.
At today's brokerage morning meeting, Guotai HAITONG SEC proposed to prioritize allocation to leading brokerages with significant comprehensive advantages and stronger cross-border asset allocation capabilities; GF SEC believes that the coal price median may decline in 2025, and leading companies are expected to maintain overall stable profitability; HTSC expressed a Bullish outlook on investment opportunities in the Commercial Property Sector for 2025.
YUEXIU PROPERTY (00123.HK) successfully won a bid for a plot of land in the Chaoyang District of Peking for 12.6 billion yuan through a consortium.
On April 28, Gelonghui announced that YUEXIU PROPERTY (00123.HK) successfully won the bidding for the urban village renovation projects at plots 2107-01, 02, 03 in the Huangshanmu Dianpingfang area of Chaoyang District, Peking, and the land reserve project at plot 2902-73 in the Sun River Group through a consortium (as defined below) via public listing for 12.6 billion yuan, effective April 28, 2025. A subsidiary, Guangzhou YUEXIU Huacheng Real Estate Development Co., Ltd. ("Guangzhou YUEXIU Huacheng"), in which the company holds a 95.475% stake, is involved, along with Beijing Fangxing Yicheng.
China's Property Market Is Quietly Recovering -- Market Talk
Hong Kong stocks movement | Mainland Real Estate stocks collectively declined, with many stocks falling over 4%. Institutions indicate that Q2 real estate policies tend to support rather than provide strong stimulus.
Mainland Real Estate stocks fell collectively. As of the time of writing, RADIANCE HLDGS (09993) is down 7.22%, priced at 2.7 Hong Kong dollars; GREENTOWN CHINA (03900) is down 5.02%, priced at 9.84 Hong Kong dollars; R&F PROPERTIES (02777) is down 4.63%, priced at 1.03 Hong Kong dollars; RONSHINECHINA (03301) is down 4.4%, priced at 0.239 Hong Kong dollars.
Mainland Real Estate stocks are weakening, RADIANCE HLDGS (09993) has dropped 7.56%. In the first quarter, national Real Estate Development investment decreased by 9.9% year-on-year.
Jinwu Financial News | Mainland Real Estate stocks weakened. As of the time of writing, RADIANCE HLDGS (09993) is down 7.56%, GREENTOWN CHINA (03900) is down 5.12%, YUEXIU PROPERTY (00123) is down 4.68%, R&F PROPERTIES (02777) is down 4.63%, LOGAN GROUP (03380) is down 4.55%, and SINO-OCEAN GP (03377) is down 4.40%. On the news front, recently, data from the National Bureau of Statistics shows that from January to March, nationwide Real Estate Development investment reached 1990.4 billion yuan, a year-on-year decrease of 9.9% (calculated on a comparable basis); among them, Residence investment was 1513.3 billion yuan.
