[15 residential land plots were cumulatively transacted in Zhengzhou in H1, with a premium rate of 12.2%, reaching a new high in nearly two years] According to statistics from the Zhengzhou Branch of KE Research Institute, in the first half of 2025, a total of 15 residential land plots were transacted in Zhengzhou, basically flat YoY. The total construction area transacted was 1.21 million square meters, down 23.6% YoY. The transaction premium rate reached 12.2%, marking a new high since 2023. The increase in the premium rate was attributed to the high-premium transfer of some high-quality land plots. In terms of the number of transactions, 21,317 units were net-signed in the first half of 2025, down 0.4% YoY, basically flat with last year, indicating a gradual stabilization of demand in the new housing market.