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2026年7月三亚房地产市场月报

发布于 2026-08-18

<p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;" data-pm-slice="0 0 []"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:15.0000pt; "><span leaf=""><span textstyle="" style="font-size: 24px;">总纲层</span></span><span leaf=""><span textstyle="" style="font-size: 24px;">(四段递进)</span></span></span></b></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">一、定调</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">(焦点):</span></span></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">本月三亚楼市的三个关键变量</span></span></font><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">——①7月商品房住宅成交365套、环比骤降62%(旅居市场淡季魔咒),市场化商品住房仅265套;②价格仍处全国高位(市场化均价29,840元/</span></span></font></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">㎡</span></span></font></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;">),但多板块进入"温和回落"通道;③土地端"冰火两重天"——6月30日保利20.8亿摘海棠湾地块后,7月仅挂牌未成交、几乎"零声音"。三者共同指向:</span></span></span><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">三亚正从</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"高周转炒作"切换到"控量+自住+旅居"的新逻辑,短期量缩、长期靠结构分化支撑。</span></span></span></b></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">二、逻辑</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">(范式):</span></span></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">本月主导逻辑是</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"</span></span></span><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">旅居型城市的三层结构分化</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"——①</span></span></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">顶豪冲价格</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">(海棠湾,4—7万/㎡,单套可顶普通项目十套);②主城区跑套数(华润观岚3.3万/</span></span></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">㎡</span></span></font></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">以价换量、累计</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">436套);③外围承接外溢(和泓海棠府2.53万/</span></span></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">㎡</span></span></font></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">承接海棠湾性价比需求</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">)。市场成交向少数头部标的集中,品牌房企+成熟产品才能捕获有限的购买力。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">三、样本</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">(佐证):</span></span></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">支撑上述逻辑的三个样本</span></span></font><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">——①中旅馥棠公馆7月单月仅网签6套、1618㎡,却成交1.17亿元、均价7.23万/㎡、套均1950万元,位列全省金额榜第7,诠释"顶豪不需要走量";②保利天珺7月成交29套、金额1.68亿夺月度金额冠军,主城区"跑套数"标杆;③华润海棠悦府+超级地中海</span></span></font></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">憘</span></span></font></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">悦</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">+中旅馥棠公馆三个海棠湾项目,1—7月合计贡献86.35亿、占三亚TOP10总额的45.3%——海棠湾一个板块撑起高端近半壁江山。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">四、判断</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">(定调):</span></span></span></b></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;">1.</span></span></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">三亚已进入</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"量缩价稳"的旅居市场新常态,短期无放量动能,7月环比-62%是淡季叠加供应收缩的双重结果。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;">2.</span></span></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">价格分化是主旋律</span></span></font><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">——海棠湾顶豪抗跌、主城区以价换量、外围温和回落,全市普涨时代终结。</span></span></font></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">3.</span></span></font></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">政策端海南公积金新政</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">(最高144万、人才叠加)边际利好,但对三亚这种高总价旅居市场,杠杆撬动有限。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;">4.</span></span></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">土地供给极致克制,海棠湾、崖州湾两大</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"巨头专属"地块(世界500强/百强门槛)是中长期供应锚点。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;">5.</span></span></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">投拓应聚焦</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"高净值旅居 Beta×强品牌 Alpha",规避流通性弱的远郊文旅类公寓。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:13.5000pt; "><font face="黑体"><span leaf="">口径说明</span></font><span leaf="">(多口径交叉纪律)</span></span></b></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">本月三亚房价口径差异显著,各来源并列呈现、不强行统一:</span></span></font></span></p><table style="border-collapse:collapse;margin-left:11.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:562px;"><tbody><tr style="height:22.0000pt;"><td data-colwidth="100" width="184" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">数据口径</span></font></span></p></td><td data-colwidth="136" width="186" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">价格指标</span></font></span></p></td><td data-colwidth="94" width="188" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">数值</span></font></span></p></td><td data-colwidth="48" width="188" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">环比</span></font></span></p></td><td data-colwidth="184" width="184" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">来源</span></font></span></p></td></tr><tr style="height:40.0000pt;"><td data-colwidth="100" width="184" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">至理研究院</span></font></span></p></td><td data-colwidth="136" width="186" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">市场化商品住房均价</span></font></span></p></td><td data-colwidth="94" width="188" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><span leaf="">29,840元/㎡</span></span></p></td><td data-colwidth="48" width="188" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">—</span></font></span></p></td><td data-colwidth="184" width="184" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">海居君</span></font><span leaf="">/至理研究院</span></span></p></td></tr></tbody></table><table style="border-collapse:collapse;margin-left:8.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:563px;"><tbody><tr style="height:46.0000pt;"><td data-colwidth="108" width="190" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">官方住建局监测</span></font></span></p></td><td data-colwidth="110" width="190" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">新房公示均价</span></font></span></p></td><td data-colwidth="96" width="190" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">28,677元/㎡</span></span></p></td><td data-colwidth="57" width="192" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">+0.81%</span></span></p></td><td data-colwidth="192" width="192" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">三亚市住建局</span></font></span></p></td></tr><tr style="height:27.0000pt;"><td data-colwidth="108" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">房天下</span></font></span></p></td><td data-colwidth="110" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">新房参考均价</span></font></span></p></td><td data-colwidth="96" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">34,300元/㎡</span></span></p></td><td data-colwidth="57" width="192" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">+1.44%</span></span></p></td><td data-colwidth="192" width="192" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">房天下</span></font></span></p></td></tr><tr style="height:28.0000pt;"><td data-colwidth="108" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">58爱房</span></span></p></td><td data-colwidth="110" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">新房参考均价</span></font></span></p></td><td data-colwidth="96" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">28,808元/㎡</span></span></p></td><td data-colwidth="57" width="192" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">持平</span></font></span></p></td><td data-colwidth="192" width="192" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">58爱房</span></span></p></td></tr><tr style="height:29.0000pt;"><td data-colwidth="108" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">臻房网</span></font></span></p></td><td data-colwidth="110" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">新房成交均价</span></font></span></p></td><td data-colwidth="96" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">29,299元/㎡</span></span></p></td><td data-colwidth="57" width="192" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">+2.65%</span></span></p></td><td data-colwidth="192" width="192" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">臻房网</span></font></span></p></td></tr><tr style="height:27.0000pt;"><td data-colwidth="108" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">中指研究院</span></font></span></p></td><td data-colwidth="110" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">商品住宅均价</span></font></span></p></td><td data-colwidth="96" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">35,434元/㎡</span></span></p></td><td data-colwidth="57" width="192" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">+6.1%(同比)</span></span></p></td><td data-colwidth="192" width="192" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">中指研究院</span></font></span></p></td></tr><tr style="height:46.0000pt;"><td data-colwidth="108" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">官方住建局监测</span></font></span></p></td><td data-colwidth="110" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">二手房参考均价</span></font></span></p></td><td data-colwidth="96" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">23,715 元/㎡</span></span></p></td><td data-colwidth="57" width="192" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">-0.10%</span></span></p></td><td data-colwidth="192" width="192" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">三亚市住建局</span></font></span></p></td></tr><tr style="height:45.0000pt;"><td data-colwidth="108" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">房天下</span></font></span></p></td><td data-colwidth="110" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">二手房参考均价</span></font></span></p></td><td data-colwidth="96" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">22,399元/㎡</span></span></p></td><td data-colwidth="57" width="192" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">-1.07%</span></span></p></td><td data-colwidth="192" width="192" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">房天下</span></font></span></p></td></tr><tr style="height:44.0000pt;"><td data-colwidth="108" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">中国房价行情</span></font></span></p></td><td data-colwidth="110" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">二手房挂牌均价</span></font></span></p></td><td data-colwidth="96" width="190" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">27,500元/㎡</span></span></p></td><td data-colwidth="57" width="192" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">-2.04%</span></span></p></td><td data-colwidth="192" width="192" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">禧泰数据</span></font></span></p></td></tr></tbody></table><p style="margin-right: 6pt;margin-left: 13pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">差异主因:统计范围不同</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">&nbsp;(是否含安居房/商办/别墅)、口径不同 (备案 vs挂牌 vs参考均价)。本文以至理研究院市场化商品住房口径为主口径 (剔除安居房后最贴近真实市场化成交),中指作全口径参照,官方住建局作官方口径佐证,逐条标注来源。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">篇章</span></span></font><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">①政策与宏观:大环境定什么调</span></span></font></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">本章结论:政策端本月释放的是</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"省级公积金大松绑+三亚精细化限购延续"的组合,核心导向仍是"精准筛选真实自住+产业导入需求",避免外地炒房资金涌入;对高总价旅居市场,政策撬动力有限。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;">1.1省级核心政策:海南公积金新政 (本月最重要的政策工具)</span></span></span></p><p style="margin-right: 9pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;">7月2日,海南省住房公积金管理局印发《关于进一步优化调整住房公积金贷款政策的通知》(琼公积金贷〔2026〕10号):</span></span></span></p><table style="border-collapse:collapse;margin-left:7.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:565px;"><tbody><tr style="height:27.0000pt;"><td data-colwidth="89" width="478" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">政策项</span></font></span></p></td><td data-colwidth="476" width="476" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">调整内容</span></font></span></p></td></tr><tr style="height:46.0000pt;"><td data-colwidth="89" width="478" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">贷款提额</span></font></span></p></td><td data-colwidth="476" width="476" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">单方缴存最高</span></font><span leaf="">100万 (新房/二手统一)、夫妻双方最高120万 (新房/二手统一)</span></span></p></td></tr><tr style="height:46.0000pt;"><td data-colwidth="89" width="478" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">人才上浮</span></font></span></p></td><td data-colwidth="476" width="476" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">高层次人才</span></font><span leaf="">&nbsp;(A—E类)最高贷款额度上浮20%,新房最高可达144万</span></span></p></td></tr><tr style="height:62.0000pt;"><td data-colwidth="89" width="478" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">政策叠加</span></font></span></p></td><td data-colwidth="476" width="476" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">人才上浮可与多子女</span></font><span leaf="">&nbsp;(+20%)、绿色建筑(+10%)、安居房 (+10%) 叠加, 最高上浮40%</span></span></p></td></tr></tbody></table><table style="border-collapse:collapse;margin-left:16.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:554px;"><tbody><tr style="height:26.0000pt;"><td data-colwidth="88" width="466" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">二套存贷挂钩</span></font></span></p></td><td data-colwidth="466" width="466" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">缴存余额倍数由</span></font><span leaf="">10倍提高至12倍</span></span></p></td></tr><tr style="height:26.0000pt;"><td data-colwidth="88" width="466" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">保底额度</span></font></span></p></td><td data-colwidth="466" width="466" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">单方</span></font><span leaf="">30→50万、夫妻50→70万</span></span></p></td></tr><tr style="height:26.0000pt;"><td data-colwidth="88" width="466" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">个贷率联动</span></font></span></p></td><td data-colwidth="466" width="466" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">个贷率</span></font><span leaf="">&lt;96%按1.0、≥96%按0.9系数执行</span></span></p></td></tr></tbody></table><p style="margin-right: 6pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">政策解读:新政核心是</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"新房二手房标准统一+人才定向加杠杆",对三亚而言,直接利好主城区改善型自住需求(公积金贷款额度覆盖部分房款),但三亚市场化均价29,840元/㎡、套均总价超300万,公积金最高120万仅能覆盖总价的约三分之一,对海棠湾高总价旅居盘几乎无撬动作用。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">1.2三亚精细化限购政策(延续)</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">三亚延续</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"精细化限购+人才住房支持并行"体系:</span></span></span></p><table style="border-collapse:collapse;margin-left:16.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:551px;"><tbody><tr style="height:26.0000pt;"><td data-colwidth="83" width="464" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">购房主体</span></span></font></span></p></td><td data-colwidth="468" width="468" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">购房条件</span></span></font></span></p></td></tr><tr style="height:46.0000pt;"><td data-colwidth="83" width="464" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">非本省户籍家庭</span></span></font></span></p></td><td data-colwidth="468" width="468" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">海南无房前提下,累计</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">2年或5年社保/个税,可购1套</span></span></span></p></td></tr><tr style="height:27.0000pt;"><td data-colwidth="83" width="464" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">普通落户群体</span></span></font></span></p></td><td data-colwidth="468" width="468" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">累计缴纳</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">2年以上社保/个税且无房,可购1套</span></span></span></p></td></tr><tr style="height:27.0000pt;"><td data-colwidth="83" width="464" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">引进人才</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">&nbsp;(在三亚工作)</span></span></span></p></td><td data-colwidth="468" width="468" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><span leaf=""><span textstyle="" style="font-size: 16px;">12个月以上社保/纳税证明,可购1套</span></span></span></p></td></tr><tr style="height:26.0000pt;"><td data-colwidth="83" width="464" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">高层次人才</span></span></font></span></p></td><td data-colwidth="468" width="468" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">海南无房,可直接购</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">2套</span></span></span></p></td></tr></tbody></table><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">同时,海棠区</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">2026年引进人才住房租赁补贴和购房补贴公示已完成、无异议,人才住房支持政策全面落地。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">1.3其他政策与城市动态</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;font-weight: bold;">三亚第二家岛内居民免税店</span><span textstyle="" style="font-size: 16px;">:旺豪日用消费品免税店</span></span><span leaf=""><span textstyle="" style="font-size: 16px;">8月1日开业(吉阳区迎宾路大悦城),进一步强化三亚消费枢纽属性。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;font-weight: bold;">交通定位</span><span textstyle="" style="font-size: 16px;">:《海南省</span></span><span leaf=""><span textstyle="" style="font-size: 16px;">"十五五"综合交通运输规划》明确三亚为三大门户枢纽之一(海口、三亚、洋浦),利好中长期旅居与产业导入。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;font-weight: bold;">教育配套</span><span textstyle="" style="font-size: 16px;">:中国名校襄阳四中落子三亚选址确定、三亚中小学划片出炉,补齐旅居家庭的学区配套短板。</span></span></span></p><p style="margin-right: 6pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;font-weight: bold;">下月验证点</span><span textstyle="" style="font-size: 16px;">:海南公积金新政落地后,能否带动主城区改善型自住成交回升;</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">8月海南暑期客流对旅居盘带看、成交的拉动效果。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">篇章</span></span></font><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">②土地与供应:货从哪里来</span></span></font></span></p><p style="margin-right: 16pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;font-weight: normal;">本章结论:土地端</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;font-weight: normal;">"前热后冷"——6月3</span><span textstyle="" style="font-size: 16px;">0日保利20.8亿摘海棠湾地块定下基调,但整个7月仅挂牌未成交、市场"几乎没有声音";供地极致克制、门槛拉满,指向"控量+高端低密"的长期供应逻辑。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">2.1土地成交与挂牌结构</span></span></span></p><table style="border-collapse:collapse;margin-left:7.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:562px;"><tbody><tr style="height:61.0000pt;"><td data-colwidth="76" width="116" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">地块</span></font></span></p></td><td data-colwidth="82" width="116" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">区域</span></font><span leaf="">/板块</span></span></p></td><td data-colwidth="71" width="118" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">用途</span></font></span></p></td><td data-colwidth="46" width="120" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:7.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:17.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">面积</span></font></span></p><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:7.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:17.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">(亩)</span></span></p></td><td data-colwidth="61" width="118" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">综合总价</span></font><span leaf="">(亿)</span></span></p></td><td data-colwidth="68" width="120" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:7.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:17.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">综合楼</span></font></span></p><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:7.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:17.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">面价</span></font></span></p><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:7.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:17.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">(元/㎡)</span></span></p></td><td data-colwidth="42" width="116" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">容积率</span></font></span></p></td><td data-colwidth="116" width="116" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">状态</span></font></span></p></td></tr><tr style="height:63.0000pt;"><td data-colwidth="76" width="116" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">HT06-08-02</span></span></p></td><td data-colwidth="82" width="116" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">海棠湾国家海岸</span></font></span></p></td><td data-colwidth="71" width="118" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">二类住宅</span></font></span></p></td><td data-colwidth="46" width="120" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">139</span></span></p></td><td data-colwidth="61" width="118" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:7.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:17.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">20.8</span></span></p><p style="text-align:justify;margin-top:5.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:15.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:17.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">(含配</span></span></p><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:7.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:17.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">建</span></font><span leaf="">)</span></span></p></td><td data-colwidth="68" width="120" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">15,569</span></span></p></td><td data-colwidth="42" width="116" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">1.44</span></span></p></td><td data-colwidth="116" width="116" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">6.30成交 (保利)</span></span></p></td></tr><tr style="height:62.0000pt;"><td data-colwidth="76" width="116" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:7.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:17.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">HT05-</span></span></p><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:7.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:17.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">04-</span></span></p><p style="text-align:justify;margin-top:5.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:7.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:17.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">02/04</span></span></p></td><td data-colwidth="82" width="116" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">海棠湾风塘片区</span></font></span></p></td><td data-colwidth="71" width="118" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:7.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:17.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">住宅</span></font></span></p><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:15.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:17.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">(低密)</span></span></p></td><td data-colwidth="46" width="120" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">149.4</span></span></p></td><td data-colwidth="61" width="118" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:7.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:17.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">19.96</span></span></p><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:15.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:17.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">(含配</span></span></p><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:7.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:17.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">建</span></font><span leaf="">)</span></span></p></td><td data-colwidth="68" width="120" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">16,773</span></span></p></td><td data-colwidth="42" width="116" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">1.2</span></span></p></td><td data-colwidth="116" width="116" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">7月挂牌</span></span></p></td></tr><tr style="height:44.0000pt;"><td data-colwidth="76" width="116" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">YK06-04-04</span></span></p></td><td data-colwidth="82" width="116" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">崖州湾科技城</span></font></span></p></td><td data-colwidth="71" width="118" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">纯住宅</span></font></span></p></td><td data-colwidth="46" width="120" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">143</span></span></p></td><td data-colwidth="61" width="118" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">16 (含配建)</span></span></p></td><td data-colwidth="68" width="120" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:center;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">6,062</span></span></p></td><td data-colwidth="42" width="116" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">2.5</span></span></p></td><td data-colwidth="116" width="116" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">7月挂牌</span></span></p></td></tr></tbody></table><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;">2.2重点地块拆解</span></span></span></b></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">①保利海棠湾HT06-08-02地块 (6月30日成交)——</span></span></font></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">今年以来海南最大住宅用地。保利发展旗下三亚保民置业以</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">15.12亿报价竞得,叠加FE赛事费用2亿+文化项目配建3.685亿,综合成交价达20.8亿元,综合楼面价15,569元/㎡。地块容积率1.44、限高60米,预计打造高端住宅产品。</span></span></span></p><p style="margin-right: 9pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">②海棠湾风塘片区低密宅地 (7月挂牌)——149.4亩高端地块,容积率仅1.2,起拍楼面价11,999元/</span></span></font></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">㎡,叠加</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">5.64亿基础设施+保障房配建后综合楼面价16,773元/㎡。</span></span></span><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;">&nbsp;</span></span><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">竞买门槛</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"巨头专属":</span></span></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;">&nbsp;</span></span><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">竞买主体或控股关联企业需为世界</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">500强、全国百强房企或省市属国企,实缴注册资本不低于150亿元。</span></span></span></p><p style="margin-right: 10pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">③崖州湾科技城住宅地 (7月挂牌)——143亩纯住宅,容积率2.5,起拍楼面价6,062元/㎡,综合起拍</span></span></font></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;font-weight: bold;">16亿</span><span textstyle="" style="font-size: 16px;">。定位服务科创人才,与海棠湾高端度假住宅形成差异化,补齐崖州湾职住平衡短板。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;">2.3供地趋势判断</span></span></span></b></p><p style="margin-right: 6pt;margin-left: 20pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">·控量是主旋律:7月土地市场"几乎零声音",整月仅挂牌未成交,供给端极致克制,符合三亚"监管</span></span></font></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">最严、供地更克制</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"的城市定位。</span></span></span></p><p style="margin-right: 4pt;margin-left: 20pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">• 高端低密是方向:</span></span></font></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;">&nbsp;</span></span><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">海棠湾地块容积率低至</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">1.2—1.44,均定向打造高端旅居产品,三亚正从"走量"转向"做品质"。</span></span></span></p><p style="margin-right: 16pt;margin-left: 20pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">·准入门槛拉满:</span></span></font></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;">&nbsp;</span></span><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">世界</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">500强/百强/省市国企+实缴150亿注册资本,基本锁定中字头央企与头部国企,未来海棠湾、崖州湾供应高度集中。</span></span></span></p><p style="margin-right: 15pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">下月验证点:</span></span></font></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">海棠湾风塘片区、崖州湾两宗</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"巨头专属"地块能否如期成交,成交溢价水平与竞得方身份。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 20px;">篇章</span></span></font><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 20px;">③市场成交:大盘跑成什么样</span></span></font></span></b></p><p style="margin-right: 9pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf="">本章结论:</span></font></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf="">三亚进入</span></font><span leaf="">"量缩价稳"的旅居淡季,7月成交环比骤降62%,但价格仍维持全国高位;成交向头部标的集中,海棠湾顶豪与主城区以价换量盘并存。</span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;">3.1新房成交 (至理研究院市场化口径)</span></span></span></b></p><table style="border-collapse:collapse;margin-left:9.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:561px;"><tbody><tr style="height:28.0000pt;"><td data-colwidth="148" width="314" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">指标</span></font></span></p></td><td data-colwidth="99" width="320" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">本月值</span></font></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">环比</span></font></span></p></td></tr><tr style="height:28.0000pt;"><td data-colwidth="148" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">商品房住宅成交</span></font></span></p></td><td data-colwidth="99" width="320" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">365套</span></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">-62%</span></span></p></td></tr><tr style="height:28.0000pt;"><td data-colwidth="148" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">成交金额</span></font></span></p></td><td data-colwidth="99" width="320" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">约</span></font><span leaf="">11亿元</span></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">—</span></font></span></p></td></tr><tr style="height:29.0000pt;"><td data-colwidth="148" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">市场化商品住房成交</span></font></span></p></td><td data-colwidth="99" width="320" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">265套</span></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">—</span></font></span></p></td></tr><tr style="height:29.0000pt;"><td data-colwidth="148" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">市场化成交金额</span></font></span></p></td><td data-colwidth="99" width="320" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">约</span></font><span leaf="">9.9亿元</span></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">—</span></font></span></p></td></tr><tr style="height:27.0000pt;"><td data-colwidth="148" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">市场化均价</span></font></span></p></td><td data-colwidth="99" width="320" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">29,840元/㎡</span></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">—</span></font></span></p></td></tr></tbody></table><p style="margin-right: 0pt;margin-left: 22pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">·安居房/保障房占比较高:全口径365套 vs 市场化265套,说明7月有约100套 (27%)为安居房、安置房、单位房等保障性或非完全市场化房源。</span></span></font></span></p><p style="margin-right: 7pt;margin-left: 19pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">· 3环比-62%是"淡季魔咒+供应收缩"叠加:暑期本是三亚旅居淡季,叠加新盘推新有限、营销动作少、土地市场静默,多重因素压制市场情绪。</span></span></font></span></p><p style="margin-right: 0pt;margin-left: 1pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">3.2区域与板块结构</span></span></span></p><table style="border-collapse:collapse;margin-left:9.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:558px;"><tbody><tr style="height:28.0000pt;"><td data-colwidth="109" width="314" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">板块</span></font><span leaf="">/区域</span></span></p></td><td data-colwidth="135" width="320" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">特征</span></font></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">代表项目</span></font></span></p></td></tr><tr style="height:46.0000pt;"><td data-colwidth="109" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">海棠湾</span></font></span></p></td><td data-colwidth="135" width="320" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">顶豪聚集,价格</span></font><span leaf="">4—7万/㎡</span></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">华润海棠悦府、中旅馥棠公馆、超级地中海憘悦</span></font></span></p></td></tr><tr style="height:30.0000pt;"><td data-colwidth="109" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">主城区</span></font><span leaf="">&nbsp;(海罗片区)</span></span></p></td><td data-colwidth="135" width="320" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">旅居大盘以价换量</span></font></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">观岚森屿、华润观岚</span></font></span></p></td></tr><tr style="height:46.0000pt;"><td data-colwidth="109" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">崖州湾科技城</span></font></span></p></td><td data-colwidth="135" width="320" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">科创人才配套,性价比</span></font></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">椰海樾府、聚亿椰海锦城、科城学林美筑</span></font></span></p></td></tr><tr style="height:30.0000pt;"><td data-colwidth="109" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">榆红片区</span></font></span></p></td><td data-colwidth="135" width="320" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">城市更新</span></font></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">大华山海和鸣</span></font></span></p></td></tr><tr style="height:28.0000pt;"><td data-colwidth="109" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">抱坡新城</span></font></span></p></td><td data-colwidth="135" width="320" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">醇熟大盘</span></font></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">翠屏凤凰水城、金冠亚沙村</span></font></span></p></td></tr></tbody></table><p style="margin-right: 0pt;margin-left: 1pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">板块分化</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">&nbsp;(官方住建局监测):</span></span></span></p><p style="margin-right: 0pt;margin-left: 19pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">吉阳核心板块二手参考均价</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">26,328元/㎡(近一年12个月持续下跌通道)</span></span></span></p><p style="margin-right: 0pt;margin-left: 19pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">亚龙湾板块</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">51,296元/㎡ (近一年9个月下跌)</span></span></span></p><p style="margin-right: 0pt;margin-left: 19pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">天涯区</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">26,798元/㎡ (近一年8个月下跌)</span></span></span></p><p style="margin-right: 0pt;margin-left: 19pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">海棠区核心高端板块价格保持高位平稳</span></span></font></span></p><p style="margin-right: 0pt;margin-left: 19pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">崖州区非核心刚需组团价格同比小幅回落</span></span></font></span></p><p style="margin-right: 0pt;margin-left: 1pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">3.3二手房市场</span></span></span></p><p style="margin-right: 2pt;margin-left: 19pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">●&nbsp;</span><span textstyle="" style="font-size: 16px;font-weight: bold;">价格温和回落</span><span textstyle="" style="font-size: 16px;">:官方住建局监测,7月全市二手房参考均价23,715元/㎡,环比-0.10%;房天下口径22,399元/㎡ (环比-1.07%、同比-4.99%); 中国房价行情口径挂牌2.75万/㎡ (环比-2.04%)。</span></span></font></span></p><p style="margin-right: 0pt;margin-left: 19pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">●&nbsp;</span><span textstyle="" style="font-size: 16px;font-weight: bold;">核心湾区高位微调、外围温和回落</span><span textstyle="" style="font-size: 16px;">:亚龙湾 (51,296元/㎡)等核心湾区价格仍高企但持续阴跌,外围板块价格松动更明显。</span></span></font></span></p><p style="margin-right: 2pt;margin-left: 20pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 24px;">·</span><span textstyle="" style="font-size: 16px;font-weight: bold;">平均总价高企</span><span textstyle="" style="font-size: 16px;">:中国房价行</span>情数据显示,<span textstyle="" style="font-size: 16px;">三亚二手房平均总价326万元,售租比62 (偏高,投资属性弱化)。</span></span></font></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">3.4宏观经济背景 (三亚)</span></span></span></p><table style="border-collapse:collapse;margin-left:7.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:509px;"><tbody><tr style="height:27.0000pt;"><td data-colwidth="76" width="318" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">指标</span></font></span></p></td><td data-colwidth="119" width="320" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">2025年值</span></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">同比</span></font></span></p></td></tr><tr style="height:29.0000pt;"><td data-colwidth="76" width="318" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">GDP</span></span></p></td><td data-colwidth="119" width="320" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">1,033.9亿元</span></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">+4.8%</span></span></p></td></tr><tr style="height:27.0000pt;"><td data-colwidth="76" width="318" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">常住人口</span></font></span></p></td><td data-colwidth="119" width="320" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">113.6万人</span></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">+1.8%</span></span></p></td></tr></tbody></table><p style="margin-right: 0pt;margin-left: 13pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">三亚经济体量偏小</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">&nbsp;(全国排名第257位)、常住人口仅113.6万,本质是"小而美"的旅游度假城市,房地产以旅居/度假需求为主,与常住人口驱动的内地城市逻辑截然不同。</span></span></span></p><p style="margin-right: 2pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">下月验证点:</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">8月海南公积金新政落地+暑期客流对成交的拉动;海棠湾顶豪盘能否维持高价走量;主城区以价换量盘的去化持续性。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">篇章</span></span></font><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">④热销项目:谁在成交、为什么</span></span></font></span></p><p style="margin-right: 15pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">本章结论:成交高度集中,冠军盘集中在海棠湾和主城区;</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"顶豪冲价格、主城区跑套数、外围接外溢"三层结构清晰,头部房企+成熟产品是捕获有限购买力的关键。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">4.1月度榜单 (7月单月,至理研究院口径)</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><font face="宋体"><span leaf="">成交套数</span></font><span leaf="">TOP5:</span></span></p><table style="border-collapse:collapse;margin-left:7.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:530px;"><tbody><tr style="height:28.0000pt;"><td data-colwidth="62" width="238" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">排名</span></font></span></p></td><td data-colwidth="108" width="238" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">项目</span></font></span></p></td><td data-colwidth="126" width="238" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">板块</span></font></span></p></td><td data-colwidth="234" width="234" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">成交套数</span></font></span></p></td></tr><tr style="height:29.0000pt;"><td data-colwidth="62" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">1</span></span></p></td><td data-colwidth="108" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">和泓海棠府</span></font></span></p></td><td data-colwidth="126" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">海棠湾外溢</span></font></span></p></td><td data-colwidth="234" width="234" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">37</span></span></p></td></tr><tr style="height:29.0000pt;"><td data-colwidth="62" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">2</span></span></p></td><td data-colwidth="108" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">椰海樾府</span></font></span></p></td><td data-colwidth="126" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">崖州湾科技城</span></font></span></p></td><td data-colwidth="234" width="234" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">34</span></span></p></td></tr><tr style="height:29.0000pt;"><td data-colwidth="62" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">3</span></span></p></td><td data-colwidth="108" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">保利天珺</span></font></span></p></td><td data-colwidth="126" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">三亚</span></font><span leaf="">CBD月川</span></span></p></td><td data-colwidth="234" width="234" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">29</span></span></p></td></tr><tr style="height:30.0000pt;"><td data-colwidth="62" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">4</span></span></p></td><td data-colwidth="108" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">华润海棠悦府</span></font></span></p></td><td data-colwidth="126" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">海棠湾</span></font></span></p></td><td data-colwidth="234" width="234" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">17</span></span></p></td></tr><tr style="height:27.0000pt;"><td data-colwidth="62" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">5</span></span></p></td><td data-colwidth="108" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">观岚森屿</span></font></span></p></td><td data-colwidth="126" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">主城区海罗</span></font></span></p></td><td data-colwidth="234" width="234" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">12</span></span></p></td></tr></tbody></table><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><font face="宋体"><span leaf="">成交面积</span></font><span leaf="">TOP3: 保利天珺4,510㎡、和泓海棠府3,920㎡、椰海樾府3,750㎡</span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><font face="宋体"><span leaf="">成交金额</span></font><span leaf="">TOP5:</span></span></p><table style="border-collapse:collapse;margin-left:7.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:543px;"><tbody><tr style="height:28.0000pt;"><td data-colwidth="77" width="318" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">排名</span></font></span></p></td><td data-colwidth="152" width="318" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">项目</span></font></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">成交金额</span></font><span leaf="">(万元)</span></span></p></td></tr><tr style="height:29.0000pt;"><td data-colwidth="77" width="318" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">1</span></span></p></td><td data-colwidth="152" width="318" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">保利天珺</span></font></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">16,760</span></span></p></td></tr><tr style="height:29.0000pt;"><td data-colwidth="77" width="318" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">2</span></span></p></td><td data-colwidth="152" width="318" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><font face="DFSongGB-W5"><span leaf="">华润海棠悦府</span></font></span></p></td><td data-colwidth="314" width="314" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt;"><span leaf="">11,080</span></span></p></td></tr></tbody></table><table style="border-collapse:collapse;margin-left:7.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:545px;"><tbody><tr style="height:46.0000pt;"><td data-colwidth="71" width="318" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">3—5</span></span></p></td><td data-colwidth="156" width="316" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">中旅馥棠公馆、超级地中海僖悦、和泓海棠府</span></font></span></p></td><td data-colwidth="318" width="318" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span style="mso-spacerun:&#39;yes&#39;"><span leaf="">&nbsp;---</span></span></span></p></td></tr></tbody></table><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">4.2年度榜单 (1—7月海南排行榜,三亚部分)</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">三亚商品住宅金额</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">TOP5 (1—7月):</span></span></span></p><table style="border-collapse:collapse;margin-left:7.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:537px;"><tbody><tr style="height:27.0000pt;"><td data-colwidth="96" width="238" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">排名</span></font></span></p></td><td data-colwidth="119" width="238" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">项目</span></font></span></p></td><td data-colwidth="86" width="238" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">金额</span></font><span leaf="">(亿)</span></span></p></td><td data-colwidth="236" width="236" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">均价</span></font><span leaf="">(元/㎡)</span></span></p></td></tr><tr style="height:29.0000pt;"><td data-colwidth="96" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">1</span></span></p></td><td data-colwidth="119" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">华润海棠悦府</span></font></span></p></td><td data-colwidth="86" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">40.30</span></span></p></td><td data-colwidth="236" width="236" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">42,828</span></span></p></td></tr><tr style="height:29.0000pt;"><td data-colwidth="96" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">2</span></span></p></td><td data-colwidth="119" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">保利天珺</span></font></span></p></td><td data-colwidth="86" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">35.43</span></span></p></td><td data-colwidth="236" width="236" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">38,868</span></span></p></td></tr><tr style="height:29.0000pt;"><td data-colwidth="96" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">3</span></span></p></td><td data-colwidth="119" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">超级地中海憘悦</span></font></span></p></td><td data-colwidth="86" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">23.76</span></span></p></td><td data-colwidth="236" width="236" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">50,537</span></span></p></td></tr><tr style="height:29.0000pt;"><td data-colwidth="96" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">4</span></span></p></td><td data-colwidth="119" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">中旅馥棠公馆</span></font></span></p></td><td data-colwidth="86" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">22.29</span></span></p></td><td data-colwidth="236" width="236" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">52,632</span></span></p></td></tr><tr style="height:27.0000pt;"><td data-colwidth="96" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">5</span></span></p></td><td data-colwidth="119" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">华润观岚</span></font></span></p></td><td data-colwidth="86" width="238" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">18.07</span></span></p></td><td data-colwidth="236" width="236" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><span leaf="">33,115</span></span></p></td></tr></tbody></table><p style="margin-right: 0pt;margin-left: 13pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf="">1—7月三亚商品住宅金额TOP10合计190.56亿元、面积48.05万㎡、3168套, 均价约3.97万/㎡; 平均每个上榜项目卖19.06亿,最低门槛9.46亿。海棠湾三个项目 (海棠悦府+憘悦+馥棠公馆)合计贡献86.35亿, 占TOP10总额的45.3%。</span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">4.3红盘共性 (四维公约数)</span></span></span></p><table style="border-collapse:collapse;margin-left:9.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:558px;"><tbody><tr style="height:28.0000pt;"><td data-colwidth="82" width="472" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">维度</span></font></span></p></td><td data-colwidth="476" width="476" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">共性提炼</span></font></span></p></td></tr><tr style="height:47.0000pt;"><td data-colwidth="82" width="472" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">空间</span></font></span></p></td><td data-colwidth="476" width="476" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:7.0000pt;text-indent:-7.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">集中在海棠湾</span></font><span leaf="">&nbsp;(顶豪)、三亚CBD/主城区(改善)、崖州湾 (科创性价比)三大板块</span></span></p></td></tr><tr style="height:47.0000pt;"><td data-colwidth="82" width="472" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">价格</span></font></span></p></td><td data-colwidth="476" width="476" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">三层分明:海棠湾</span></font><span leaf="">4—7万、主城区3.3万、外围2.5万</span></span></p></td></tr><tr style="height:47.0000pt;"><td data-colwidth="82" width="472" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">产品</span></font></span></p></td><td data-colwidth="476" width="476" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">品牌房企</span></font><span leaf="">+成熟社区+旅居度假属性,品质与配套成熟度是关键</span></span></p></td></tr><tr style="height:63.0000pt;"><td data-colwidth="82" width="472" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">持续性</span></font></span></p></td><td data-colwidth="476" width="476" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:16.0000pt;"><span style="font-family:DFSongGB-W5;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.0000pt;"><font face="DFSongGB-W5"><span leaf="">华润观岚</span></font><span leaf="">&nbsp;(累计436套)、和泓海棠府 (累计272套)为常青盘;中旅馥棠公馆 (单月6套1.17亿)为顶豪脉冲盘</span></span></p></td></tr></tbody></table><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">4.4案例拆解</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">①中旅馥棠公馆 (顶豪样本)——7月单月仅网签6套、1618㎡,却成交1.17亿元,折合均价约7.23万/㎡,套均总价1950万元,位列7月全省金额榜第7。五因子归因:地段●强(海棠湾国家海岸)、产品●强 (顶豪定位、低密滨海)、价格◯ (单价7万+全国顶端,但目标客群价格敏感度低)、节点◯ (淡季仍走单)、营销●强 (高净值客群圈层营销)。Alpha×Beta: Beta池为全国高净值度假客群 (</span>厚度稳定<span textstyle="" style="font-size: 16px;">但碎片化</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">),Alpha三锚定以"稀缺性+身份象征"击穿犹豫成本。</span></span></span><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">结论:不可复制,依赖海棠湾稀缺地段</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">+顶豪品牌。</span></span></span></b></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">②保利天珺</span></span></font></span></b><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;">(主城区跑套数标杆)——7月成交29套、金额1.68亿夺月度金额冠军,三亚CBD月川单元核</span></span></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">心地段。</span></span></font></span><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">五因子归因:</span></span></font></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">地段</span></span></font><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">●强(CBD核心)、产品●强(央企保利、品质改善)、价格● (38,868元/</span></span></font></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">㎡</span></span></font></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">主城区高位,但相对海棠湾有性价比</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">)、节点营销●强。</span></span></span><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">结论:可复制,依赖</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">CBD地段+央企品牌+主城区改善需求。</span></span></span></b></p><p style="margin-right: 6pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">③和泓海棠府(外围承接外溢)——1—7月成交28903㎡、272套, 7月单月3931㎡、37套,均价约2.53</span></span></font></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">万</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">/㎡,承接海棠湾外溢的性价比需求。</span></span></span><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">结论:可复制,依赖</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"海棠湾价差"+旅居性价比定位。</span></span></span></b></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:12.5000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;">4.5反推与答案(五档总价段坐标系)</span></span></span></b></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">三亚五档总价段阈值校准</span></span></font></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;">(以市场化套均总价约370万为锚,取整到50万档):</span></span></span></p><table style="border-collapse:collapse;margin-left:11.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:501px;"><tbody><tr style="height:26.0000pt;"><td data-colwidth="55" width="302" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">档位</span></font></span></p></td><td data-colwidth="144" width="308" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">总价区间</span></font></span></p></td><td data-colwidth="302" width="302" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">对应产品特征</span></font></span></p></td></tr><tr style="height:42.0000pt;"><td data-colwidth="55" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">刚需</span></font></span></p></td><td data-colwidth="144" width="308" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">≤200万</span></font></span></p></td><td data-colwidth="302" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">本地自住、安居房、崖州湾</span></font></span><span style="font-family:等线;font-size:10.5000pt;"><br /></span><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">刚需</span></font></span></p></td></tr><tr style="height:28.0000pt;"><td data-colwidth="55" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">刚改</span></font></span></p></td><td data-colwidth="144" width="308" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><span leaf="">200—300万</span></span></p></td><td data-colwidth="302" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">主城区刚需刚改、旅居入门</span></font></span></p></td></tr><tr style="height:26.0000pt;"><td data-colwidth="55" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">普改</span></font></span></p></td><td data-colwidth="144" width="308" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><span leaf="">300—500万</span></span></p></td><td data-colwidth="302" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">主城区改善、华润观岚等</span></font></span></p></td></tr><tr style="height:28.0000pt;"><td data-colwidth="55" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">高改</span></font></span></p></td><td data-colwidth="144" width="308" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><span leaf="">500—1000万</span></span></p></td><td data-colwidth="302" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">海棠湾入门、品质旅居</span></font></span></p></td></tr><tr style="height:42.0000pt;"><td data-colwidth="55" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">顶豪</span></font></span></p></td><td data-colwidth="144" width="308" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><span leaf="">&gt;1000万</span></span></p></td><td data-colwidth="302" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:15.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">海棠湾豪宅</span></font><span leaf="">&nbsp;(馥棠公馆套均</span></span><span style="font-family:等线;font-size:10.5000pt;"><br /></span><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><span leaf="">1950万)</span></span></p></td></tr></tbody></table><p style="margin-right: 6pt;margin-left: 11pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf="">套均总价估算:市场化成交</span></font><span leaf="">9.9亿÷265套≈374万,落在"普改"档,反映三亚高总价旅居市场的本质特征。</span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">反推结论:</span></span></font></span></b></p><p style="margin-right: 6pt;margin-left: 16pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">三亚成交结构呈</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"哑铃型"——一头是顶豪(海棠湾500万—2000万+),一头是刚需刚改(安居房、崖州湾、主城区200—300万),中间改善档相对薄弱。</span></span></span></p><p style="margin-right: 22pt;margin-left: 16pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">单价冠军</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">(馥棠公馆7.23万)与套数冠军(和泓海棠府37套)完全分离,印证"冲价格"与"跑套数"两条独立赛道。</span></span></span></p><p style="margin-right: 11pt;margin-left: 16pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;">五档冠军映射客户:刚需看安居房</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">/性价比、改善看主城区CBD、旅居看海棠湾外溢、顶豪看稀缺性。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:12.5000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;">4.6验证(双口径交叉)</span></span></span></b></p><p style="margin-right: 16pt;margin-left: 16pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;font-weight: bold;">中指</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;font-weight: bold;">(全口径含安居房)与至理(市场化)领跑项目部分重合(和泓海棠府、椰海樾府、保利天珺</span></span></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><span leaf=""><span textstyle="" style="font-size: 16px;font-weight: bold;">),但芙蓉家园(安居房属性)仅出现在中指榜(79套居首),印证7月保障房占比偏高。</span></span></span></p><p style="margin-right: 16pt;margin-left: 16pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf=""><span textstyle="" style="font-size: 16px;font-weight: bold;">备案口径</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;font-weight: bold;">(房天下各区县明细)与监测口径(至理)的套数、均价存在差异,已分列呈现、不混算。</span></span></span></p><p style="margin-right: 6pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><b style="mso-bidi-font-weight:normal;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:bold;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf="">下月验证点:</span></font></span></b><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf="">和泓海棠府、华润观岚能否延续</span></font><span leaf="">"常青盘"属性;海棠湾顶豪盘在淡季的走单节奏;保利天</span></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf="">珺</span></font></span><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="黑体"><span leaf="">月度金额冠军的持续性。</span></font></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:13.5000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 20px;font-weight: bold;">篇章</span></span></font><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 20px;font-weight: bold;">⑤客户与展望:客户要什么、下月怎么走</span></span></font></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf="">本章结论:三亚客户是</span></font><span leaf="">"三层结构"——本地自住+改善旅居+高净值度假,决策核心分别是"安居/学区+性价比"与"稀缺地段+品牌",下月大概率延续淡季低位震荡。</span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:13.5000pt; "><span leaf=""><span textstyle="" style="font-weight: bold;">5.1客户画像</span></span></span></p><table style="border-collapse:collapse;margin-left:5.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:548px;"><tbody><tr style="height:26.0000pt;"><td data-colwidth="65" width="224" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">客群</span></font></span></p></td><td data-colwidth="141" width="220" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">需求特征</span></font></span></p></td><td data-colwidth="122" width="224" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">偏好板块</span></font></span></p></td><td data-colwidth="220" width="220" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">价格敏感度</span></font></span></p></td></tr><tr style="height:46.0000pt;"><td data-colwidth="65" width="224" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">本地自住</span></font></span></p></td><td data-colwidth="141" width="220" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">刚需</span></font><span leaf="">/学区/安居</span></span></p></td><td data-colwidth="122" width="224" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">天涯区、吉阳区迎宾路</span></font><span leaf="">/荔枝沟</span></span></p></td><td data-colwidth="220" width="220" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">高</span></font><span leaf="">&nbsp;(2.3—2.5万性价比盘)</span></span></p></td></tr><tr style="height:46.0000pt;"><td data-colwidth="65" width="224" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">改善旅居</span></font></span></p></td><td data-colwidth="141" width="220" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">主城区配套</span></font><span leaf="">+旅居属性</span></span></p></td><td data-colwidth="122" width="224" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">三亚</span></font><span leaf="">CBD、海罗片区、崖州湾</span></span></p></td><td data-colwidth="220" width="220" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">中</span></font><span leaf="">&nbsp;(3万左右)</span></span></p></td></tr><tr style="height:46.0000pt;"><td data-colwidth="65" width="224" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">高净值度假</span></font></span></p></td><td data-colwidth="141" width="220" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">稀缺地段</span></font><span leaf="">+品牌+身份</span></span></p></td><td data-colwidth="122" width="224" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">海棠湾国家海岸</span></font></span></p></td><td data-colwidth="220" width="220" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">低</span></font><span leaf="">&nbsp;(4—7万)</span></span></p></td></tr></tbody></table><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:13.5000pt; "><span leaf=""><span textstyle="" style="font-size: 20px;font-weight: bold;">5.2下月展望</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:13.5000pt; "><span leaf="">短期成交:</span><span leaf="">8月仍处旅居淡季,叠加公积金新政传导时滞,预计维持低位震荡,暑期客流或带来边际改善但难有放量。</span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:13.5000pt; "><span leaf="">价格:结构分化延续</span><font face="宋体"><span leaf="">——海棠湾顶豪抗跌、主城区以价换量、外围温和回落,全市无普涨基础。</span></font></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:13.5000pt; "><font face="宋体"><span leaf="">供应:土地市场静默、新盘推新有限,短期供应收缩对核心板块价格形成一定支撑。</span></font></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:13.5000pt; "><font face="宋体"><span leaf="">风险提示:远郊文旅类公寓流通性弱、置换难度大,是结构性风险点;二手房售租比</span></font><span leaf="">62偏高,投资属性持续弱化。</span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:13.5000pt; "><span leaf=""><span textstyle="" style="font-size: 20px;font-weight: bold;">5.3三类客群建议</span></span></span></p><table style="border-collapse:collapse;margin-left:5.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:547px;"><tbody><tr style="height:26.0000pt;"><td data-colwidth="107" width="446" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">客群</span></font></span></p></td><td data-colwidth="440" width="440" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">建议</span></font></span></p></td></tr><tr style="height:62.0000pt;"><td data-colwidth="107" width="446" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">刚需自住</span></font></span></p></td><td data-colwidth="440" width="440" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">优先天涯区、吉阳区迎宾路</span></font><span leaf="">/荔枝沟精装现房,单价2.3—2.5万性价比突出;符合人才认定可叠加补贴</span></span></p></td></tr><tr style="height:46.0000pt;"><td data-colwidth="107" width="446" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">改善旅居</span></font></span></p></td><td data-colwidth="440" width="440" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">择优三亚</span></font><span leaf="">CBD、崖州湾品质盘,关注品牌房企与职住平衡配套</span></span></p></td></tr><tr style="height:46.0000pt;"><td data-colwidth="107" width="446" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">高净值度假</span></font></span></p></td><td data-colwidth="440" width="440" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">海棠湾国家海岸顶豪抗跌性强,但需关注流通性,谨慎对待非核心组团文旅公寓</span></font></span></p></td></tr></tbody></table><p style="margin-right: 0pt;margin-left: 0pt;border-top: 1pt solid windowtext;padding: 1pt 0pt 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:13.5000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 20px;font-weight: bold;">篇章</span></span></font><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 20px;font-weight: bold;">⑥投资再判断:所以怎么投、怎么判断</span></span></font></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">本章结论:三亚处于</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"控量+自住+旅居"新逻辑的传导链路中段,头部同向化风险集中在海棠湾顶豪赛道,低估机会在于"主城区改善+崖州湾科创"的性价比补位。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">6.1传导链路位置</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">三亚不属于头部城市</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">(北上广深杭)的"前段",也不同于三四线的"后段",处于旅居型城市的"中段"——供给端极致克制(供地门槛拉满、7月零成交),需求端以旅居/度假/高净值为主,价格维持全国高位但量能萎缩。投拓判断不选"看多城市",而选主城区改善+崖州湾科创的性价比补位窗口。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">6.2头部同向化风险</span></span></span></p><p style="margin-right: 11pt;margin-left: 16pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">• 海棠湾顶豪赛道拥挤:1—7月海棠湾三个项目贡献86.35亿、占TOP10的45.3%,华润、保利、复星、中旅等头部房企集中布局,共识高度集中。顶豪市场体量小、去化慢,若高净值客群需求波动,风险将同步放大。</span></span></font></span></p><p style="margin-right: 0pt;margin-left: 16pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">• 供地门槛锁定头部:海棠湾、崖州湾地块"世界500强/百强/省市国企+实缴150亿"门槛,进一步加剧头部同向化,未来供应端竞争集中在中字头央企与头部国企。</span></span></font></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">6.3低估板块识别(聚焦客户厚度)</span></span></span></p><table style="border-collapse:collapse;margin-left:11.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:549px;"><tbody><tr style="height:24.0000pt;"><td data-colwidth="81" width="468" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">方向</span></font></span></p></td><td data-colwidth="468" width="468" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">判断</span></font></span></p></td></tr><tr style="height:46.0000pt;"><td data-colwidth="81" width="468" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">主城区改善降维</span></font></span></p></td><td data-colwidth="468" width="468" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">三亚</span></font><span leaf="">CBD、海罗片区以价换量盘 (华润观岚3.3万)客户厚度相对充足,是改善补位候选</span></span></p></td></tr><tr style="height:60.0000pt;"><td data-colwidth="81" width="468" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">崖州湾科创职住</span></font></span></p></td><td data-colwidth="468" width="468" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">崖州湾科技城集聚科研机构与人才,</span></font><span leaf="">YK06-04-04地块落地将大幅补充居住供给,差异化定位明确</span></span></p></td></tr><tr style="height:44.0000pt;"><td data-colwidth="81" width="468" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">规避区域</span></font></span></p></td><td data-colwidth="468" width="468" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">远郊文旅类公寓</span></font><span leaf="">&nbsp;(流通性弱、置换难)、亚龙湾非核心组团 (价格持续阴跌)</span></span></p></td></tr></tbody></table><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:12.5000pt; "><span leaf=""><span textstyle="" style="font-size: 18px;font-weight: bold;">6.4成交质量九大指标简判</span></span></span></p><table style="border-collapse:collapse;margin-left:11.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:556px;"><tbody><tr style="height:25.0000pt;"><td data-colwidth="99" width="234" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">维度</span></font></span></p></td><td data-colwidth="131" width="236" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">指标</span></font></span></p></td><td data-colwidth="94" width="236" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">三亚</span></font><span leaf="">7月表现</span></span></p></td><td data-colwidth="232" width="232" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">判读</span></font></span></p></td></tr><tr style="height:45.0000pt;"><td data-colwidth="99" width="234" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><span leaf="">Beta池厚度</span></span></p></td><td data-colwidth="131" width="236" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">二手真实成交规模</span></font><span leaf="">/总价中位数</span></span></p></td><td data-colwidth="94" width="236" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">平均总价</span></font><span leaf="">326万、售租比62</span></span></p></td><td data-colwidth="232" width="232" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">池偏薄、投资属性弱</span></font></span></p></td></tr><tr style="height:46.0000pt;"><td data-colwidth="99" width="234" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">二手房出清能力</span></font></span></p></td><td data-colwidth="131" width="236" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">去化周期</span></font><span leaf="">/挂牌成交比</span></span></p></td><td data-colwidth="94" width="236" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">二手参考均价连续回落</span></font></span></p></td><td data-colwidth="232" width="232" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">价格仍主导</span></font></span></p></td></tr><tr style="height:59.0000pt;"><td data-colwidth="99" width="234" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">一二手价格关系</span></font></span></p></td><td data-colwidth="131" width="236" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">新房</span></font><span leaf="">-二手价差比</span></span></p></td><td data-colwidth="94" width="236" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">新房</span></font><span leaf="">29,840vs二手23,715, 价差1.26倍</span></span></p></td><td data-colwidth="232" width="232" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">需较强</span></font><span leaf="">&nbsp;Alpha产品力</span></span></p></td></tr><tr style="height:44.0000pt;"><td data-colwidth="99" width="234" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">老库存消化</span></font></span></p></td><td data-colwidth="131" width="236" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">老项目库存占比</span></font><span leaf="">/止跌</span></span></p></td><td data-colwidth="94" width="236" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">亚龙湾、吉阳核心持续阴跌</span></font></span></p></td><td data-colwidth="232" width="232" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.0000pt;"><font face="宋体"><span leaf="">未止跌</span></font></span></p></td></tr></tbody></table><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><font face="宋体"><span leaf=""><span textstyle="" style="font-size: 16px;">综合判断:三亚市场</span></span></font><span leaf=""><span textstyle="" style="font-size: 16px;">"Beta池偏薄+售租比偏高+老库存未止跌",整体处于价格主导、量能萎缩阶段;Alpha兑现依赖"稀缺地段(海棠湾)×品牌(央企/头部)×高净值圈层营销"的极致锚定,点状机会存在但门槛极高。</span></span></span></p><p style="margin-right: 0pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:14.0000pt; "><font face="宋体"><span leaf="">附录:数据来源与观察期</span></font></span></p><table style="border-collapse:collapse;margin-left:17.4000pt;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.2500pt solid windowtext;mso-border-top-alt:0.2500pt solid windowtext;mso-border-right-alt:0.2500pt solid windowtext;mso-border-bottom-alt:0.2500pt solid windowtext;mso-border-insideh:0.2500pt solid windowtext;mso-border-insidev:0.2500pt solid windowtext;mso-padding-alt:0.0000pt 0.0000pt 0.0000pt 0.0000pt;width:548px;"><tbody><tr style="height:26.0000pt;"><td data-colwidth="147" width="304" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">数据项</span></font></span></p></td><td data-colwidth="99" width="306" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">来源</span></font></span></p></td><td data-colwidth="302" width="302" valign="center" style="padding: 0pt;border-width: 1pt;border-style: solid;border-color: windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">观察期</span></font></span></p></td></tr><tr style="height:46.0000pt;"><td data-colwidth="147" width="304" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">商品房住宅成交</span></font><span leaf="">&nbsp;(套数/金</span></span><span style="font-family:等线;font-size:10.5000pt;"><br /></span><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">额</span></font><span leaf="">)</span></span></p></td><td data-colwidth="99" width="306" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">至理研究院</span></font><span leaf="">&nbsp;(海南房地产大数据平台)</span></span></p></td><td data-colwidth="302" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><span leaf="">2026.7</span></span></p></td></tr><tr style="height:28.0000pt;"><td data-colwidth="147" width="304" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">市场化商品住房均价</span></font></span></p></td><td data-colwidth="99" width="306" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">至理研究院</span></font></span></p></td><td data-colwidth="302" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><span leaf="">2026.7</span></span></p></td></tr><tr style="height:28.0000pt;"><td data-colwidth="147" width="304" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">商品住宅均价</span></font><span leaf="">&nbsp;(全口径)</span></span></p></td><td data-colwidth="99" width="306" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">中指研究院</span></font></span></p></td><td data-colwidth="302" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><span leaf="">2026.7</span></span></p></td></tr><tr style="height:62.0000pt;"><td data-colwidth="147" width="304" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">新房</span></font><span leaf="">/二手参考均价</span></span></p></td><td data-colwidth="99" width="306" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">三亚市住建局、房天下、</span></font><span leaf="">58爱房、臻房网、中国房价行情</span></span></p></td><td data-colwidth="302" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><span leaf="">2026.7</span></span></p></td></tr><tr style="height:47.0000pt;"><td data-colwidth="147" width="304" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">土地成交</span></font><span leaf="">/挂牌明细</span></span></p></td><td data-colwidth="99" width="306" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">三亚市自然资源局、购房网、今日头条</span></font></span></p></td><td data-colwidth="302" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><span leaf="">2026.6—7</span></span></p></td></tr><tr style="height:47.0000pt;"><td data-colwidth="147" width="304" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">政策文件</span></font></span></p></td><td data-colwidth="99" width="306" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">海南省住房公积金管理局、三亚市住建局</span></font></span></p></td><td data-colwidth="302" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><span leaf="">2026.7</span></span></p></td></tr><tr style="height:28.0000pt;"><td data-colwidth="147" width="304" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><span leaf="">1—7月排行榜</span></span></p></td><td data-colwidth="99" width="306" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">网易新闻</span></font><span leaf="">&nbsp;(海南楼市排行榜)</span></span></p></td><td data-colwidth="302" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><span leaf="">2026.1—7</span></span></p></td></tr><tr style="height:26.0000pt;"><td data-colwidth="147" width="304" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">宏观经济</span></font><span leaf="">&nbsp;(GDP/人口)</span></span></p></td><td data-colwidth="99" width="306" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><font face="宋体"><span leaf="">中指研究院、统计局</span></font></span></p></td><td data-colwidth="302" width="302" valign="center" style="padding: 0pt;border-width: medium 1pt 1pt;border-style: none solid solid;border-color: currentcolor windowtext windowtext;"><p style="text-align:justify;margin-top:0.0000pt;margin-right:0.0000pt;margin-bottom:0.0000pt;margin-left:0.0000pt;word-break:break-all;text-justify:inter-ideograph;vertical-align:baseline;line-height:14.0000pt;mso-line-height-rule:exactly;"><span style="font-family:宋体;color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt;"><span leaf="">2025年</span></span></p></td></tr></tbody></table><p style="margin-right: 6pt;margin-left: 0pt;word-break: break-all;vertical-align: baseline;"><span style=" color:rgb(0,0,0);letter-spacing:0.0000pt;mso-ansi-font-weight:normal;mso-ansi-font-style:normal;font-size:11.5000pt; "><font face="宋体"><span leaf="">免责声明:本报告数据均来源于公开渠道,多口径并列呈现、不强行统一;结论仅供市场</span></font><span leaf="">/客研/投拓参考,不构成投资建议。</span></span></p><section><span leaf=""><br /></span></section><p style="display: none;"><mp-style-type data-value="3"></mp-style-type></p>

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