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The real estate sector has two consecutive surges, the China Southern CSI All Share Real Estate ETF and the real estate ETF rose by 2%.
Reducing inventory of existing homes is one of the main focuses of current real estate policies.
The central government supports the real estate industry to accelerate destocking and the industry will rebound significantly with multiple supports.
Recently, the real estate industry has gradually shown bullish signals, providing logical support for a new round of real estate cycle.
Seazen Holdings' July Contracted Sales Fall 42%; Shares Rise 6%
GTJA: Real estate industry still focused on destocking, suggesting balanced allocation.
GTJA Securities released a research report stating that from January to July 2024, the scale of land acquisition by real estate companies continued to shrink significantly year-on-year, reflecting a further increase in the concentration of central and state-owned enterprises.
Seazen Group Reports Strong Mid-Year Financials
Seazen (01030.HK): The cumulative contract sales amount from January to July was 27.042 billion yuan.
On July 2024, Seazen achieved a contracted sales amount of approximately RMB 3.487 billion yuan, with a contracted sales area of approximately 0.4674 million square meters. From January to July 2024, the cumulative contracted sales amount was approximately RMB 27.042 billion yuan, with a cumulative sales area of approximately 3.7295 million square meters. In July 2024, the group had a total of 168 real estate rental properties with a total construction area of approximately 15.4402 million square meters; the rental income in July 2024 was approximately RMB 1.036 billion yuan, and the commercial operation income was approximately RMB 11.
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