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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.
Express News | Seazen Group - July Contracted Sales RMB3.487 Bln
Hong Kong stock market abnormal movements | Mainland Real Estate continued to decline, Zhongliang Holdings (02772) fell nearly 4%, sales of the top 100 real estate companies in July showed a double decline compared to the same period last year.
Mainland real estate stocks continue to fall. As of press time, Zhongliang Hldg (02772) fell 3.7%, reporting HKD 0.104; R&F Properties (02777) fell 2.5%, reporting HKD 0.78; Seazen (01030) fell 2.21%, reporting HKD 1.33.
China Index Academy: From January to July, the total amount of land acquired by the top 100 real estate enterprises nationwide was 430.71 billion yuan, a year-on-year decrease of 38.0%.
On August 1st, Zhongzhi Research Institute released a document stating that from January to July 2024, the total land acquisition of the TOP100 enterprises was 430.71 billion yuan, a year-on-year decrease of 38.0%, which continued to increase by 2.2 percentage points compared to the decline from January to June.
Hong Kong Stock Concept Tracking | Official Document! Promote New Urbanization Construction, Top Real Estate Enterprises Expected to Benefit First (with Concept Stocks)
The State Council recently issued the "Five-year Action Plan for Deepening the Implementation of the People-oriented New Urbanization Strategy".
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