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如何研究一家房企的投资模式 已修改 第1次修改 2019年07月16日 01时09分

发布于 2019-07-16

<p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">时值年中，各位爸爸都忙于举行各条线的总结大会，有复盘上半年人生高光亮点的，也有为自己的年轻写检讨书的。</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">当然这其中，大家也都十分关注共在一张牌桌上的牌友们，谁谁谁拿了块地王，谁谁谁的项目是销冠，这些早已是大家茶余饭后唠嗑的谈资。</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">在这些现象背后，<span style="font-size: 15px;color: rgb(2, 30, 170);"><strong>我们一直在思考是什么"因"，促使房企在投资及销售端结成了这些"果"，这其中会不会有一些投资端的特征或者偏好。</strong></span></span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">在此，我们就以一家近年业绩飙升，在7月16日即将上市的黑马房企为例，与大家分享下，禾略是怎么来解析一家房价的投资模式的。</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">（此文章主要用作于专业研究探讨，最新数据由于商业数据保密，暂时无法提供）</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">首先，尊重传统，我们可以先过一下中梁的发展历程。</span><span style="font-size: 15px;">其中包括时间上业绩的增长，以及空间上城市布局的发展。</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">业绩上，2016-2017年，中梁实现了三级跳，至2018年进入千亿阵营。</span></p><p><br /></p><p style="text-align: center;margin-left: 8px;margin-right: 8px;"><img class="rich_pages" data-copyright="0" data-ratio="0.5977198697068404" data-s="300,640" data-src="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaCLpNuBZMiagsIib8icv6Xk6amUGiaC08c89nJbFrhz7cQPziaRHSibmRjjdTQ/640?wx_fmt=png" data-type="png" data-w="614" style="" /></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">空间拓展方面，2015-2017年，中梁新进入48个城市，以浙江省为根基，2016年分别向北进入江苏省、向南进入福建省。</span></p><p><br /></p><p style="text-align: center;margin-left: 8px;margin-right: 8px;"><img class="rich_pages" data-copyright="0" data-ratio="0.8484848484848485" data-s="300,640" data-src="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaCntNejFria8dBmUiaa4TL0A5JuSJqOBLrVbAnW2S6IoVk4icQpzicOSh2MQ/640?wx_fmt=png" data-type="png" data-w="561" style="" /></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">至2017年则快速向北（如山东）及向西（安徽、江西）蔓延式拓展</span></p><p><br /></p><p style="text-align: center;margin-left: 8px;margin-right: 8px;"><img class="rich_pages" data-copyright="0" data-ratio="0.8582677165354331" data-s="300,640" data-src="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaCrGmxLTuU9Qn3TnMBsl0GZ3QyMqzzqTzRYEMP3ROkqerhCcn9pDiaqVA/640?wx_fmt=png" data-type="png" data-w="635" style="" /></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">以上是从大面上，比较简单的也是比较传统的，去看待一家房企的发展历史，也是一家房企对整个市场的理解，内部的经营，以及外部的资源整合后，形成的一个企业发展的结果。</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">接下来的内容，<span style="font-size: 15px;color: rgb(2, 30, 170);"><strong>我们也会从时间及空间的角度，尝试剖析中梁如此发展背后的投资模式，以及特征。</strong></span></span><br /></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">首先从空间上来看，我们选取了中梁大本营浙江，作为主要研究的范围，并且剔除了发家所在地温州，研究中梁在下沉浙江省其他城市下辖县市时，投资拿地的特征。</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">为了打通浙江省的土地能级，同时，能够对比不同城市不同区域，中梁获取到的地块的属性——</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">我们对浙江省的所有土地，进行1X1公里网格的拆分，并且从人口、交通、配套、产业这4个角度，对土地属性进行量化评分，并且把中梁的项目落到地图上，这样对于这家开发商的投资拿地偏好，就能做到一目了然。</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">以下是土地属性量化评分选取的指标。</span></p><p><br /></p><p style="text-align: center;margin-left: 8px;margin-right: 8px;"><img class="rich_pages" data-copyright="0" data-ratio="0.6220472440944882" data-s="300,640" data-src="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaC6zf18tI73Rrh90BictnAfkkdicWdqqfPt0aRdRfickKZqfrqZ8VvicrUtA/640?wx_fmt=png" data-type="png" data-w="635" style="" /></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">以下即是我们对整个浙江省，土地属性的定量认识。</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">整体来看，浙北比浙南要好太多，土地城市化的进程，明显要领先一大节，当然，这其中肯定会涉及到地形山水的影响，每个城市能够开发的土地量，会受到限制。</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">所以，<span style="font-size: 15px;color: rgb(2, 30, 170);"><strong>我们已经处理全国近300个城市，去山水地形的土地属性能级</strong></span>，可惜在这次并不能够展示。</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">再多叨唠两句，其实这个图包含了2个信息——</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">一个是从地理空间来看，城市发展的边界去到了那里，黄色的区域可以理解为城市的新兴发展区，其中可以明显看到，<span style="font-size: 15px;color: rgb(2, 30, 170);"><strong>绍兴柯桥和杭州萧山东部的区域已连成一片，不考虑行政划分的话，这2个区域已经是同城化</strong></span>，土地能级在同一等级，但是地价水平却不相近。</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">第二个信息，其实土地能级的空间分布，也是你产品线能够触及的范围，举例来说，<span style="font-size: 15px;color: rgb(2, 30, 170);"><strong>红色的城区范围，大概率是你在浙江省做高端</strong></span>，以及品质项目的地理空间极限，当然你会面对各个城市，各种各样的客户，以及打造符合各个区域特色的产品，但是这类项目，大概率会落在红色区域范围内。</span></p><p><br /></p><p style="text-align: center;margin-left: 8px;margin-right: 8px;"><img class="rich_pages" data-copyright="0" data-ratio="1.0583804143126176" data-s="300,640" data-src="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaCWaVwPcs7fU9ZTrbJUTicSNOCOhreCOVianLge2kaDQt4Jvp6XzK6mOaQ/640?wx_fmt=png" data-type="png" data-w="531" style="" /></p><p style="text-align: center;"><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">对于中梁，我们发现2017年，在浙江下辖县市当中销售金额排名靠前的项目，土地属性均是拓展区，整体的销售金额占比，也是拓展区的项目占了79%。</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">我们发现，<span style="font-size: 15px;color: rgb(2, 30, 170);"><strong>中梁对于较为富有的浙江省区域，在各城市非市辖区域内，投资偏好是在成熟的主城区外围、城市新兴发展的拓展区</strong></span>。</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><img class="" data-backh="322" data-backw="215" data-before-oversubscription-url="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaCL3LuOnzCn1OuibzkHGZoWB3jxqMAen6l5reXGvEbtLDODl2icLWylfyA/0?wx_fmt=png" data-copyright="0" data-ratio="1.4976744186046511" data-s="300,640" data-src="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaCL3LuOnzCn1OuibzkHGZoWB3jxqMAen6l5reXGvEbtLDODl2icLWylfyA/640?wx_fmt=png" data-type="png" data-w="215" style="white-space: normal;width: 574px;" /></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">并且，我们可以通过典型的嘉兴海宁、台州临海的几个项目发现，<span style="font-size: 15px;color: rgb(2, 30, 170);"><strong>中梁虽然在城区外围拿地，但是开拓都是相对比较准确</strong></span>，项目均在城市的发展轴上，故收益也不会太差。</span></p><p><br /></p><p style="text-align: center;margin-left: 8px;margin-right: 8px;"><img class="rich_pages" data-backh="157" data-backw="574" data-before-oversubscription-url="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaCQj6iaJFUK8sw7Dogq8icIicrrywzIEcem5MTW3wKPRTkHS2QeDGWqXvrQ/0?wx_fmt=png" data-copyright="0" data-ratio="0.27363896848137537" data-s="300,640" data-src="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaCQj6iaJFUK8sw7Dogq8icIicrrywzIEcem5MTW3wKPRTkHS2QeDGWqXvrQ/640?wx_fmt=png" data-type="png" data-w="698" style="width: 100%;height: auto;" /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">&nbsp;</span></p><p style="margin-left: 8px;margin-right: 8px;"><img class="" data-backh="563" data-backw="464" data-before-oversubscription-url="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaCVcFvTVPKvL5ZeaRThYb7CvNh1arQ230AISPAMrgzNu70B9ibMr55nDg/0?wx_fmt=png" data-copyright="0" data-ratio="1.2133620689655173" data-s="300,640" data-src="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaCVcFvTVPKvL5ZeaRThYb7CvNh1arQ230AISPAMrgzNu70B9ibMr55nDg/640?wx_fmt=png" data-type="png" data-w="464" style="width: 100%;height: auto;" /></p><p style="margin-left: 8px;margin-right: 8px;"><img class="" data-backh="561" data-backw="504" data-before-oversubscription-url="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaCibmkfyTcYrXicpg0kYE5zZuQELxib8TjUxTb8F2QGMMDJdic5V9oKOhzmQ/0?wx_fmt=png" data-copyright="0" data-ratio="1.1130952380952381" data-s="300,640" data-src="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaCibmkfyTcYrXicpg0kYE5zZuQELxib8TjUxTb8F2QGMMDJdic5V9oKOhzmQ/640?wx_fmt=png" data-type="png" data-w="504" style="width: 100%;height: auto;" /></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">从空间上，我们看到中梁在投资拿地上的偏好，从另外一个时间轴上，其实我们也发现，<span style="font-size: 15px;color: rgb(2, 30, 170);"><strong>中梁在城市进入方面，切入的时机，也会相对比较合适</strong></span>。</span><br /></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">以下为中梁城市进入的年份，以及该城市价值变类的时间，粉色底纹为进入时间，蓝色底纹为城市发展变类的前后2年，基本扫一眼就可以发现，<span style="font-size: 15px;color: rgb(2, 30, 170);"><strong>中梁基本就是在城市发展质变的前1至2年，拓展该城市市场，充分享受了城市快速发展升级带来的红利</strong></span><strong style="color: rgb(2, 30, 170);">。</strong><strong style="color: rgb(2, 30, 170);"></strong></span></p><p><br /></p><p style="text-align: center;margin-left: 8px;margin-right: 8px;"><img class="rich_pages" data-copyright="0" data-ratio="0.4842105263157895" data-s="300,640" data-src="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaCvZ3xhiaQaxHNWXsGgfFAf66w5XA93Vw7npK6R7sHCpjpvIicZGnpOia1g/640?wx_fmt=png" data-type="png" data-w="950" style="" /></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">另外，<span style="font-size: 15px;color: rgb(2, 30, 170);"><strong>中梁在下沉县市市场的时机，也把握的不错</strong></span>。</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">主要特征有三：</span></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;"><strong>1、拿地城市的价值评分，五年复合增长率，平均水平为7%，最高水平8.1%</strong></span></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;"><strong>2、有拿地的城市，普遍在拿地年份前后两年，城市价值会实现跨类升级</strong></span></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;"><strong>3、拿地主要集中在4,5,6三类城市中</strong></span></p><p><br /></p><p style="text-align: center;margin-left: 8px;margin-right: 8px;"><img class="rich_pages" data-copyright="0" data-ratio="0.4008152173913043" data-s="300,640" data-src="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaC386rgTa2CGVVM5sBDk9Bia26fnB3UDQNwrRguHeSj3px2tWz5Dlud6g/640?wx_fmt=png" data-type="png" data-w="736" style="" /></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">在量化总结城市进入特征之后，有个好处——<span style="font-size: 15px;color: rgb(2, 30, 170);"><strong>我们可以通过量化的数据，去预测未来哪些县市，是符合过去的特征</strong></span>，我们尝试模拟了一下，未来在浙江可能的拓展县市。</span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">现在已经2019年，我们在下面也把图放出来，供大家乐呵乐呵。</span></p><p><br /></p><p style="text-align: center;margin-left: 8px;margin-right: 8px;"><img class="rich_pages" data-backh="572" data-backw="449" data-before-oversubscription-url="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaC5Guw9TtYV3HickAicAa0kHr8jb0yp4O2abYJ7eibSr6kz4WedOzLsPibwQ/0?wx_fmt=png" data-copyright="0" data-ratio="1.2739420935412027" data-s="300,640" data-src="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4PIDyhA1zqQGJLRaelPCaC5Guw9TtYV3HickAicAa0kHr8jb0yp4O2abYJ7eibSr6kz4WedOzLsPibwQ/640?wx_fmt=png" data-type="png" data-w="449" style="width: 100%;height: auto;" /></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">最后，通过空间及时间上，<span style="font-size: 15px;color: rgb(2, 30, 170);"><strong>对中梁投资模式的量化解析，我们简单总结下：</strong></span></span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="color: rgb(2, 30, 170);font-size: 15px;"><strong>1、空间上：</strong><strong>偏向于在城市成熟的区域外围，且在城市发展轴方向上，获取相对低成本的土地。</strong></span></p><p style="margin-left: 8px;margin-right: 8px;"><span style="color: rgb(2, 30, 170);font-size: 15px;"><strong>2、时间上：</strong><strong>选择在城市快速发展，城市质变前的1,2年进入拓展，充分享受城市升级红利。</strong></span></p><p><br /></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">这也印证了禾略一贯的观点，越是有争议的地方，越是有获取超额收益的可能，三四线城市不可怕，可怕的是只会靠天吃饭又固执的在一二线抢地王的开发商。</span><span style="font-size: 15px;">&nbsp;</span></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;"><br /></span></p><p style="margin-left: 8px;margin-right: 8px;"><span style="font-size: 15px;">听说今天（2019年7月16日），中梁在香港挂牌上市，恭喜恭喜，还听说中梁的同学们，用他们脚步，丈量过关注城市的每寸土地，辛苦辛苦。天道酬勤，也祝每一位奋斗在不眠深夜的地产人，都有更美好的明天。</span></p><p><br /></p><p>&nbsp;</p><p>&nbsp;</p><p style="margin-right: 8px;margin-left: 8px;font-variant-numeric: normal;font-variant-east-asian: normal;white-space: normal;max-width: 100%;min-height: 1em;font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;line-height: 27.2px;widows: 1;text-align: center;background-color: rgb(255, 255, 255);box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="max-width: 100%;font-size: 12px;color: rgb(136, 136, 136);box-sizing: border-box !important;overflow-wrap: break-word !important;">—— END ——</span></p><p style="white-space: normal;max-width: 100%;min-height: 1em;font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);box-sizing: border-box !important;overflow-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;" /></p><p style="margin-right: 8px;margin-left: 8px;white-space: normal;max-width: 100%;min-height: 1em;font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);line-height: 27.2px;text-align: center;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="max-width: 100%;font-size: 12px;box-sizing: border-box !important;overflow-wrap: break-word !important;">猜你想再看<br style="max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;" /></span></p><p style="margin-right: 16px;margin-left: 16px;white-space: normal;max-width: 100%;min-height: 1em;font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);line-height: 27.2px;widows: 1;text-align: center;box-sizing: border-box !important;overflow-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;" /></p><p style="margin-right: 8px;margin-left: 8px;white-space: normal;max-width: 100%;min-height: 1em;font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);line-height: 27.2px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><strong style="max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="max-width: 100%;font-size: 12px;box-sizing: border-box !important;overflow-wrap: break-word !important;">城市：</span></strong><span style="max-width: 100%;font-size: 12px;box-sizing: border-box !important;overflow-wrap: break-word !important;">|&nbsp;<a href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831649&amp;idx=1&amp;sn=191239418c15b0c6f395c843415da5fd&amp;chksm=8351793eb426f028970ac64031955167bfde997cdc96375bfb3bce25b5076f1458e11be2be27&amp;token=217203186&amp;lang=zh_CN&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">徐州</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831649&amp;idx=4&amp;sn=3a8acfb05820bbd38cd7b15a58e92ec9&amp;chksm=8351793eb426f028dfd96ec6ffc5239a84aaf25b6643813aa6b4a597b9a3215e7ab25e2b4eaf&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">宿迁</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831649&amp;idx=3&amp;sn=1fcdc66fac79d5ba9504bc24314a14f9&amp;chksm=8351793eb426f02829eef9ba1dfcb8c3e91edb05d3c1d34c548b82f618928834f1da5907d2e7&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">淮北</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831649&amp;idx=2&amp;sn=18d65f24543e71ff6bc70eb1cb0a7bde&amp;chksm=8351793eb426f028b98805f0f7555bfc57e3aefe6c76e7ca8df0369ad5dcc4a593a011a9b029&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">唐山</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831649&amp;idx=5&amp;sn=9f550e5d1f6bd3becc92df723adedd61&amp;chksm=8351793eb426f0289523b13ecd4fcb3d227a3cb259a09e504d388ace5a5eb25ece3aecfe8d46&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">天津</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831491&amp;idx=4&amp;sn=4c4fb5ce9d25c1fe6012d719c5878c82&amp;chksm=8351799cb426f08a8a6b9f35c8db84ceac56401b6da4a6429d1bc5e3339251db372a5045c242&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">深汕</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831603&amp;idx=5&amp;sn=c2d8bae147d4a2d86ec992c50c39ddad&amp;chksm=8351796cb426f07a50b1acbe92593aabba12c3fb95e9966d93ecad99918dbcf654b9ce767405&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">哈尔滨</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831491&amp;idx=3&amp;sn=1e787f725d62f227dbc6c33d0b9ea3eb&amp;chksm=8351799cb426f08accd8896c160b37e7a4436d21e1fbf2cc596763115db5ef6e04dc914ce478&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">兰州</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831603&amp;idx=4&amp;sn=048088acd651254d77cc238d71b1af04&amp;chksm=8351796cb426f07a7c36e33460f244db68a856502151c73820b314470b7e24412b9a8b6dcd5b&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">常德</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831491&amp;idx=2&amp;sn=b6295a149a38a026e886d81014b568f3&amp;chksm=8351799cb426f08a8a8d7adbd8721956fd91c59be8bd1ec35d4f9963a11e7e67bee72cd49405&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">南宁</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831603&amp;idx=8&amp;sn=0efaff09c26e604d7aa5c29376c129ad&amp;chksm=8351796cb426f07abb37dd11a0cfe941868be2b543feebf288460418759254327292658947ae&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">桂林</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831603&amp;idx=3&amp;sn=12f08ffb076544edcbc24e91bc3d87d7&amp;chksm=8351796cb426f07a1cd4530a9033d462d4732c500dcdda723bdc3a87f4d55f1c62f657a4cb77&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">柳州</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831603&amp;idx=6&amp;sn=0a89c4ab17039cec25754aa111b87308&amp;chksm=8351796cb426f07a6fdc14a1c0e877928f2fa46798a8b592b2b2023ad1c65081bbc80b2fafad&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">蚌埠</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831603&amp;idx=7&amp;sn=1bc72e377ffc3b621c2886d68c437515&amp;chksm=8351796cb426f07adc8c50a3e1409197892c508ad9c27a6b52f8e4dde12740baf5674f5a7fa6&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">合肥</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831491&amp;idx=1&amp;sn=10e3d481f7fd0ff46dafe2648cd3ddfb&amp;chksm=8351799cb426f08a5118705d6b85487fa97dd013a2aee842be719ee13086aab8dee370b54185&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">南京</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831603&amp;idx=1&amp;sn=9ffda0c7d9667d6700966a8bab12eccf&amp;chksm=8351796cb426f07a4e94a2471b2d59264ed4460e0567c63095fad9c5704541a546d7bc23584a&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">上海临港</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831065&amp;idx=1&amp;sn=2ffb60d98d02ebcab655c55d34d0acbf&amp;chksm=83517746b426fe509cc721e0e3acf05fd1f60b8695dc3b66c08c0a7aa917e7471b013b02c2c2&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">太原</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649830804&amp;idx=1&amp;sn=f571d8218b897b21571a6b2f497d3a1b&amp;chksm=8351744bb426fd5d509591673f4082563a02342283f53dfda255ad33304e6746d6448051b9ea&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">温州</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649830454&amp;idx=1&amp;sn=4e7c3289190e2a69c5fb20f2ae8a6d94&amp;chksm=835175e9b426fcffa5f65cafe5274b1c296caf1a51e13ef4c7920c5a18847bef3c7b13c2bfd0&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">昆明</a>&nbsp;|&nbsp;<a href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649830295&amp;idx=1&amp;sn=f680ffa2ddf52783e9a7730971520d48&amp;chksm=83517248b426fb5e0efc1e5c62d15b173e4d23ab7aafaab82c6ce861e98d96271fe5dc7db798&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">嘉兴</a>&nbsp;|&nbsp;<a href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649830278&amp;idx=1&amp;sn=8441ac780477cd9def8d4e9d7866f143&amp;chksm=83517259b426fb4f93ff50f1c07d7b830f16ec4d1e0c23f64ef15a78a056ae301274ffbb8ec3&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">重庆</a>&nbsp;|&nbsp;<a href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649830196&amp;idx=1&amp;sn=7a599cf338734c1d41c6fa16005b1641&amp;chksm=835172ebb426fbfdda6873adbeddc124ae670de675a7c36d11977106150a1d924572ea70f299&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">成都</a>&nbsp;|&nbsp;<a href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649830221&amp;idx=1&amp;sn=f5994dbfe9fa00ffce4b5be1a69f3244&amp;chksm=83517292b426fb8419e771cf48ea94de01fc7dc909b4e8c2759c6423b8be6080bc5bd1c248cc&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">深圳</a>&nbsp;|&nbsp;<a href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649829995&amp;idx=1&amp;sn=cd78421e4f2e724f552f8eefc65e0236&amp;chksm=835173b4b426faa26aed46ed566bc1f8ffa11498370fed14fa9d0690795a3eff5a186c63a03d&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">上海</a>&nbsp;|&nbsp;<a href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649829512&amp;idx=1&amp;sn=421f2b766d75009082de8fc1e81cd8d2&amp;chksm=83517157b426f84197c93fd852a3e3f93019c9d81e099784ad0aa09f326ca9dd33a0edb7cfd7&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">珠三角</a>&nbsp;|&nbsp;<a href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649829480&amp;idx=1&amp;sn=c77baf137c109f1017170a708548d37b&amp;chksm=835171b7b426f8a1d942708988b8f4bd875366f5928d1db99470ccad6958aa0c8cd47b292c23&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">雄安新区</a>&nbsp;|&nbsp;<a href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=401964235&amp;idx=1&amp;sn=8839375241e6a7e69f49aec108ca1ad6&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">无锡</a>&nbsp;|&nbsp;<a href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=203026648&amp;idx=1&amp;sn=466dca69ff3eb746e2e5c21831d57f0f&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">北京</a>&nbsp;|&nbsp;<br style="max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;" /></span></p><p style="margin-right: 8px;margin-left: 8px;white-space: normal;max-width: 100%;min-height: 1em;font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);line-height: 27.2px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><strong style="max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="max-width: 100%;font-size: 12px;box-sizing: border-box !important;overflow-wrap: break-word !important;">热点：</span></strong><span style="max-width: 100%;font-size: 12px;box-sizing: border-box !important;overflow-wrap: break-word !important;">|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzIxMTUxMzE2Mw==&amp;mid=2247485505&amp;idx=1&amp;sn=90a4482d0ec14f8a4d441f77c653806c&amp;chksm=97557265a022fb7385559a6648c54242c721582b3811ad664360ea1e6f562f0f62264852c20c&amp;scene=21#wechat_redirect" target="_blank" data-itemshowtype="0" data-linktype="2" hasload="1" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">深圳土拍</a></span><strong style="max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="max-width: 100%;font-size: 12px;box-sizing: border-box !important;overflow-wrap: break-word !important;">&nbsp;</span></strong><span style="max-width: 100%;font-size: 12px;box-sizing: border-box !important;overflow-wrap: break-word !important;">|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831957&amp;idx=1&amp;sn=a889b497d60264ef90aea585e4d4556f&amp;chksm=83517bcab426f2dc5e2b3778bc8e8834b453c4eac98c490ebeb525c4a5b01093fe602418b8fb&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">美国地产</a>&nbsp;|&nbsp;</span><a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831073&amp;idx=1&amp;sn=b9e813dced68e2e1397bd2cc2b6d05c7&amp;chksm=8351777eb426fe68993e996d9312897701ad0e93a7703c5d719dc20ebf09a1b0c6715f502e4d&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="max-width: 100%;font-size: 12px;box-sizing: border-box !important;overflow-wrap: break-word !important;">长租公寓</span></a><span style="max-width: 100%;font-size: 12px;box-sizing: border-box !important;overflow-wrap: break-word !important;">&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649830578&amp;idx=1&amp;sn=73f5149b299d5ce19a433c365eedee83&amp;chksm=8351756db426fc7b173558a1765830766ec5f7fb387e652250f10a106ef6490821f809722cfb&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">中美贸易战</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649830503&amp;idx=1&amp;sn=2fae9eec64a6ed71f0c4ee9e4e9bafe7&amp;chksm=835175b8b426fcaec41bb2a484ef939ac78474c77acde2d96a6f7f8b61a0f4ade630c13e7f90&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">粤港澳</a>&nbsp;|&nbsp;<a href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649830398&amp;idx=1&amp;sn=ffd40b9cb7730bd712d8f053280d6fa9&amp;chksm=83517221b426fb37e97b45db61547227724f5a09e6a2a0484a55475066ac41fc1b0165954d0d&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">万科商业</a>&nbsp;|&nbsp;<a href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649830360&amp;idx=1&amp;sn=3cea24af7ebf848fde74c52538f111e5&amp;chksm=83517207b426fb11a1ae1c301117e9626ba09012aa9d8b4d8f722e45423ecb7e63987f50bec5&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">2018年走势</a>&nbsp;|<br style="max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;" /></span></p><p style="margin-right: 8px;margin-left: 8px;white-space: normal;max-width: 100%;min-height: 1em;font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);box-sizing: border-box !important;overflow-wrap: break-word !important;"><strong style="max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="max-width: 100%;font-size: 12px;box-sizing: border-box !important;overflow-wrap: break-word !important;">专业：</span></strong><span style="max-width: 100%;font-size: 12px;box-sizing: border-box !important;overflow-wrap: break-word !important;">|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831987&amp;idx=1&amp;sn=8553537eb64de48a9b7eb16564fe8988&amp;chksm=83517becb426f2fa0c63ef59ace65085334609b45795331170f0edb7f455d154c06d53aa85f7&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">穿越熊市</a></span>&nbsp;<span style="max-width: 100%;font-size: 12px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="max-width: 100%;">|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831371&amp;idx=1&amp;sn=9b15fe316680aabc64e2b7c37e5767d8&amp;chksm=83517614b426ff0229de8ab490c6a7fb33f9e7de34bae145abd3565818c5965c1eca5a4b0029&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">地产研报</a>&nbsp;</span>|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831103&amp;idx=1&amp;sn=6ae2c7ba214abd19c76ed907399b77b7&amp;chksm=83517760b426fe767422812a59d53a334c00664a2cc146d59a076bc0e59a062f518c7df00861&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">投资</a>&nbsp;|<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649831043&amp;idx=1&amp;sn=dcae4bb0d9c69a6aefeb48f7447dff10&amp;chksm=8351775cb426fe4a32f43b1fe3a11ebffb7d381291adc0746d6d0ed9f3efb882617e0407aa10&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">&nbsp;思考</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649830765&amp;idx=1&amp;sn=d21dbefeb5e1aea1599bcec8fae7a7d4&amp;chksm=835174b2b426fda4b66776ffb3da368f2b71e44233e17581d647b246e52aa53255140e3adac0&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">客研</a><span style="max-width: 100%;">&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649830698&amp;idx=1&amp;sn=27ffa7f097500e9e7fb23f99fdce51ef&amp;chksm=835174f5b426fde3854d2eec6dc6fd1c0c182faa0218d1b0ce833e50c860c23b062b88f914e0&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">高周转</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649830656&amp;idx=1&amp;sn=dc61474f9d09133fcce2934476ea10c1&amp;chksm=835174dfb426fdc9575a9a316aef5c25d051f574d0cd96ae3d1cda189bca7c7b0b7447e403e4&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">房价预测</a>&nbsp;|&nbsp;<a href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649830457&amp;idx=1&amp;sn=37a5c454028fb849c2c5fce3b3575756&amp;chksm=835175e6b426fcf07c9d8fdee249e33edf0ae7f5684be2290c3145624ad430d880a10a654ebd&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">2018房地产报告</a>&nbsp;</span>|&nbsp;&nbsp;<a href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649830201&amp;idx=1&amp;sn=1816623486b879233513443f1df6ec59&amp;chksm=835172e6b426fbf07aa0f023c3ff79ca1cf11606fc2f2b66cfe773222e3fa1df7f92affa90b6&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">远郊定位&nbsp;</a>|&nbsp;<a href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&amp;mid=2649829710&amp;idx=1&amp;sn=58d632f4b07dc0796127ef5df605bb36&amp;chksm=83517091b426f9871fa25aed40ade8d757557347ecf505d8b9510645b5adcc6d703caed90b31&amp;scene=21#wechat_redirect" target="_blank" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;outline: 0px;box-sizing: border-box !important;overflow-wrap: break-word !important;">时势蓝图</a>&nbsp;|</span></p><p style="white-space: normal;"><br /></p><p style="white-space: normal;"><br /></p><p style="white-space: normal;"><br /></p><p style="margin-right: 8px;margin-left: 8px;white-space: normal;max-width: 100%;min-height: 1em;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);line-height: 27.2px;widows: 1;text-align: center;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="max-width: 100%;color: rgb(136, 136, 136);font-size: 12px;box-sizing: border-box !important;overflow-wrap: break-word !important;">陪你想，陪你写，陪你玩</span></p><p style="margin-right: 8px;margin-left: 8px;white-space: normal;max-width: 100%;min-height: 1em;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);line-height: 27.2px;widows: 1;text-align: center;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="max-width: 100%;color: rgb(136, 136, 136);font-size: 12px;box-sizing: border-box !important;overflow-wrap: break-word !important;">商务联系：yumx@urasr.com<br style="max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;" /></span></p><p style="white-space: normal;max-width: 100%;min-height: 1em;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);line-height: 27.2px;widows: 1;box-sizing: border-box !important;overflow-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;" /></p><p style="margin-right: 8px;margin-left: 8px;white-space: normal;max-width: 100%;min-height: 1em;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);line-height: 27.2px;widows: 1;box-sizing: border-box !important;overflow-wrap: break-word !important;"><img class="" data-copyright="0" data-cropselx1="0" data-cropselx2="526" data-cropsely1="0" data-cropsely2="526" data-ratio="1" data-s="300,640" data-src="https://mmbiz.qpic.cn/mmbiz_png/zd226QNNqG4CH2Q70SCqaiaUnucGGwFRTYoW9SS84sCDbLB8PkBJ5zVxAEsHCJk2kcl2VmQUPibxsDcztjHmXfZQ/640?wx_fmt=png" data-type="png" data-w="1125" width="526px" style="line-height: 1.6;text-indent: 32px;font-family: 宋体;box-sizing: border-box !important;overflow-wrap: break-word !important;visibility: visible !important;width: 526px !important;" /></p><p><br /></p><p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p><p><br /></p>

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