**Industry News**

**Minister Ni Hong Publishes Signed Article on Urban Development**

Ni Hong, Party Secretary and Minister of the Ministry of Housing and Urban-Rural Development, published a signed article titled "Urban Work in the New Era and New Journey Must Recognize, Adapt to, and Seek Change" on October 13. The article stated: "Continue to promote the renovation of old urban residential communities, implement property service quality improvement actions, make great efforts to solve difficult problems such as elevator installation, parking, and charging, improve the living environment of communities, and better meet residents' daily living needs."

**Corporate Updates**

**POWERLONG CM Controlling Shareholder Plans to Sell 32.4% Stake**

On October 13, POWERLONG CM announced that its controlling shareholder Powerlong Real Estate entered into a restructuring support agreement on October 10, 2025, regarding its proposed offshore debt restructuring. According to the terms, Powerlong Real Estate may transfer POWERLONG CM shares (equivalent to no more than 32.4% of POWERLONG CM's outstanding shares) to scheme creditors.

**New Land Projects**

On October 13, key cities added 115 new land projects with a total planned construction area of 5.2627 million square meters. Among these, there were 31 new residential projects, 34 commercial office projects, 42 industrial projects, and 8 other types of projects. Chuzhou had the most new projects with 11. The largest project by planned construction area was located north of Ganglong Avenue and west of Qingquan Avenue in Qingbaijiang District, Chengdu, with a planned area of 384,435 square meters, floor price of 250 yuan/square meter, developed by Chengdu Shudao Logistics Development Co., Ltd.

**Market Research**

**Bidding Projects**

On October 13, key regions including Beijing-Tianjin-Hebei and Guangdong-Hong Kong-Macao published a total of 1,440 property-related bidding information items. Non-residential properties accounted for a large proportion with 1,351 items; among non-residential property types, office property bidding information was the most numerous with 637 items. Notable was the Linqing City Urban and Rural Sanitation Integration Project (2025-2028) with a budget of 87 million yuan.

**Capital Market Updates**

**Secondary Market Performance of Property Service Companies**

On October 14, the Hang Seng Index closed down 448.13 points, a decline of approximately 1.73%, closing at 25,441.35 points. Among the 61 Hong Kong-listed property service companies today, 10 rose. Jiayuan Services rose 4.26%, ranking first in today's Hong Kong property service sector.

**Market Capitalization and P/E Ratios of Property Service Companies**

On October 14, the average market capitalization of 61 Hong Kong-listed property companies was HK$4.239 billion. As of today's close, 7 property service companies had total market capitalizations exceeding HK$100 billion. China Resources Mixc Lifestyle had the largest market capitalization among Hong Kong-listed property service companies at HK$89.565 billion, followed by OneConnect Smart Technology at HK$26.585 billion, and Country Garden Services ranked third with a market capitalization of HK$20.696 billion.

**Property Reports Download (Copy links on desktop)**

2025 China Property Service Top 100 Companies Research Report 2025 China Listed Property Service Companies TOP10 Research Report 2025 China Real Estate Service Brand Value Research Report 2025 First Half China Property Management Industry Market Summary & Second Half Trend Outlook 2025 First Half China Property Service Price Index Research Report 2025 China Property Service Satisfaction Research Report

The platform provides industry professionals with: • 40,000+ real estate reports updated daily, covering residential markets, property company research, land markets, property research, policy interpretation, index research and other fields; • Real estate data from 2,300 cities, transaction information from 2.25 million land parcels, transaction data from 400,000 residential projects and 50,000 commercial properties; • China City Investment Attractiveness Rankings, housing prices in 100 cities, city searches, property company searches, real estate data searches, real estate policy searches; • Centralized land supply and land auction updates for core urban clusters including Beijing-Tianjin-Hebei, Yangtze River Delta, Pearl River Delta, Chengdu-Chongqing, and Middle Yangtze River regions.