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DBS Remains a Buy on Longfor Group Holdings (LNGPF)
LONGFOR GROUP: As of the end of February, the total contracted sales amount reached 9.94 billion yuan.
LONGFOR GROUP (00960) announced that as of the end of February 2025, the group has achieved a total contract sales amount of 9.94 billion yuan and a contracted sales area of 0.703 million square meters. In February, the total contract sales amount reached 5.48 billion yuan with a contracted sales area of 0.365 million square meters. In February, the contract sales amount attributable to the Shareholders of the company was 3.73 billion yuan, with a sales area of 0.26 million square meters. The group added 2 new plots of land reserves in February 2025, with a total construction area of 0.1402 million square meters.
Ni Hong, the Minister of Housing and Urban-Rural Development, spoke at the Two Sessions: four major measures to ensure the stability and recovery of the real estate market.
① "We will work with relevant departments to combine short and long-term measures, addressing both symptoms and root causes, and resolutely stabilize the real estate market," said Ni Hong, the Minister of Housing and Urban-Rural Development. ② Regarding how to stabilize the real estate market, Ni Hong stated that efforts will be made in four aspects.
Longfor Group: Size of Debt Redued in an Orderly Manner >0960.HK
LONGFOR GROUP (00960.HK) had total contract sales of 5.48 billion yuan in February.
On March 7, Gelonghui reported that LONGFOR GROUP (00960.HK) announced that as of the end of February 2025, the group achieved a total contract sales amount of 9.94 billion yuan and a contract sales area of 0.703 million square meters. In February alone, the total contract sales amount reached 5.48 billion yuan, with a contract sales area of 0.365 million square meters. The contract sales amount attributable to Shareholders in February was 3.73 billion yuan, with an area of 0.26 million square meters attributable to Shareholders. As of the end of February 2025, the group achieved operational income of approximately 4.32 billion yuan (including tax.
Express News | Longfor Group - February Contracted Sales Attributable RMB3.73 Bln
