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Hong Kong stocks are moving differently | Mainland Real Estate stocks plunged across the board in the morning session due to bearish concerns brought by the real estate companies. SUNAC (01918) once fell nearly 29%.
Mainland Real Estate stocks fell across the board. As of the time of writing, SUNAC (01918) is down 26.86%, trading at HKD 1.28; RONSHINECHINA (03301) is down 11.07%, trading at HKD 0.249; SHIMAO GROUP (00813) is down 8.42%, trading at HKD 0.87.
Zhongzhi Research Institute: In 2024, the Real Estate Industry will achieve a total of 565.31 billion yuan in Bonds financing, a year-on-year decrease of 18.4%.
According to the research, looking ahead to 2025, policy support is expected to drive expectations for recovery, but the Real Estate market still faces many challenges. Financing policies are expected to remain loose, but the scale of financing will still be influenced by the market recovery.
Selected announcement | POLY PROPERTY's contract sales for 2024 reached 54.2 billion yuan; WUXI BIO plans to sell its Ireland vaccine factory for 0.5 billion USD.
In 2024, Poly Real Estate's contracted sales exceeded 54 billion yuan; TRULY INT'L's annual operating net profit increased by over 10% year-on-year.
POLY PROPERTY (00119.HK) achieved a cumulative contract sales amount of approximately 54.2 billion yuan in 2024.
On January 6, the Gelonghui reported that POLY PROPERTY (00119.HK) announced some unaudited sales data for December 2024, together with its joint ventures and associated companies ("PROPERTY GROUP"). In December 2024, the PROPERTY GROUP achieved a contracted sales amount of approximately 2 billion yuan, a contracted sales area of about 0.079 million square meters, and a contracted sales average price of about 25,938 yuan per square meter. As of December 2024, the PROPERTY GROUP has accumulated a contracted sales amount of approximately 54.2 billion yuan, with a cumulative contracted sales area of about 2.121 million square meters and a contracted sales average price of about 25.
Express News | Poly Property - December Contracted Sales Value RMB2.0 Bln.
China's Property Market Likely Boosted by Year-End Campaigns -- Market Talk
When Should You Buy Poly Property Group Co., Limited (HKG:119)?
