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Shimao Group Logs 2.8 Billion Yuan in December 2024 Contracted Sales
SHIMAO GROUP (00813.HK): The total accumulated contract sales amount for the entire year of 2024 reached 34 billion yuan.
Gelonghui, January 10, SHIMAO GROUP (00813.HK) announced that as of December 31, 2024, the group's cumulative contract sales amounted to approximately RMB 34 billion, with a total contract sales area of 2.6752 million square meters. The average sales price for the year ending December 31, 2024, was RMB 12,710 per square meter. The group's contract sales in December 2024 were approximately RMB 2.83 billion, with a contract sales area of 0.225 million square meters. The average sales price in December 2024 was RMB 1 per square meter.
Express News | Shimao Group - Dec Contracted Sales Approximately RMB2.83 Bln
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.
Hong Kong stocks movement | Mainland Real Estate stocks collectively fell, with the 2024 real estate market continuing to adjust in volume and price. Institutions expect a month-on-month decline in property sales in January.
Mainland Real Estate stocks collectively fell. As of the time of writing, SUNAC (01918) is down 8.15%, valued at HKD 1.69; RONSHINECHINA (03301) is down 7.94%, valued at HKD 0.29; SHIMAO GROUP (00813) is down 6.25%, valued at HKD 0.9.
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