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Shimao Group Posts Strong Mid-Year Sales
Shimao Group (00813.HK): The cumulative contracted sales in the first half of the year totaled RMB 17.09 billion.
On July 12, Geely Hui reported that Shimao Group (00813.HK) announced that the cumulative contracted sales of the group as of June 30, 2024 were approximately RMB 17.09 billion, and the cumulative contracted sales area was 1.3132 million square meters. The average selling price for the six months ended June 30, 2024 was RMB 13,013 per square meter. The group's contracted sales in June 2024 were approximately RMB 3.31 billion, with a contracted sales area of 0.2553 million square meters. The average selling price for June was RMB 12,954 per square meter.
Express News | Shimao Group - June Group's Contracted Sales Amounted to Approximately RMB3.31 Bln
Hong Kong stock market fluctuations | Mainland real estate stocks have the highest increase, and the policy effects have been reflected in the transaction end according to institutions' bullish view on continuous recovery in real estate.
Mainland real estate stocks rose in early trading, as of press time, Shimao group (00813) rose 12.86%, closing at HKD 0.79; Sunac (01918) rose 8.26%, closing at HKD 1.18; China Vanke (02202) rose 6.86%, closing at HKD 4.83; Agile Group (00884) rose 7.94%, closing at HKD 0.34; Seazen (01030) rose 5.76%, closing at HKD 1.47.
Hong Kong stocks fluctuate | Mainland real estate stocks rose in early trading. New home sales in the first week of July turned positive year-on-year, and the effect of real estate policies is expected to continue to be released.
According to the WiseNews app, mainland real estate shares rose across the board in early trading, as of press time, Sino-Ocean Gp(03377) increased by 4.76%, to HKD 0.33, Seazen(01030) rose by 4.62%, to HKD 1.36, Shimao Group(00813) increased by 4.62%, to HKD 0.68, Cifi Hold Gp(00884) increased by 3.39%, to HKD 0.305. On the news front, according to statistics from Caitong Securities, the sales volume of commodity housing in the top 30 cities increased by 3.33 million square meters in the 27th week, an increase of 21.2% MoM and 31.9% YoY. In terms of city levels, the top 30
Hilton Group's Greater China Financial Shared Service Center has reached a strategic partnership with Shimao Hotel Management Company.
Shimao Hotel Management, a subsidiary of Shimao Group, has announced today that all 11 hotels managed by Hilton Group under Shimao will join Hilton's Greater China financial shared service center, which will provide financial support and cost-saving opportunities through Hilton's robust financial shared services to hotel operations. This partnership not only signifies the further expansion of Hilton's Greater China financial shared service center, but also demonstrates Shimao's confidence in Hilton's financial management capabilities.
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