1. The "three red lines" policy for real estate companies has ended, and the debt level of the real estate industry is trending towards a healthier direction.
2. Bright Real Estate: The company's contracted sales amount in 2025 was 4.393 billion yuan, a year-on-year decrease of 19.46%.
3. Three residential land parcels in Shanghai were sold at the reserve price of 4.018 billion yuan.
4. Shenzhen Real Estate A: Expected to achieve a turnaround in net profit in 2025.
5. Shanghai: The validity period of the "Notice on Several Issues Concerning the Pilot Program of Levying Property Tax on Some Individual Housing Units in Shanghai" has been extended.
6. Vanke has paid 40% of the principal and interest of its fifth tranche of medium-term notes in 2022.
7. Hainan saw both sales volume and price increases for commercial housing in 2025, with sales amounting to 154.885 billion yuan.
8. R&F Properties' overdue debt reached 36.81 billion yuan by the end of 2025.
9. Guangzhou's Baiyun District will release 16 residential land parcels in 2026, with a total construction area of 2.02 million square meters.
10. Powell stated that the housing market remains weak.
