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Yuzhou Group Announces Solid Sales Figures in 2024
YUZHOU GROUP (01628.HK) had a contract sales amount of 0.781 billion yuan in November.
On December 10, Gelonghui reported that YUZHOU GROUP (01628.HK) announced the contract sales amount for November 2024 was 0.781 billion yuan; the sales area was 59,624 square meters; the average sales price was 13,104 yuan per square meter. For the first eleven months of 2024, the group achieved a cumulative sales amount of 7.247 billion yuan; the cumulative sales area was 496,309 square meters; the average sales price was 14,607 yuan per square meter. In addition, as of November 30, 2024, the cumulative subscription amount that has not been signed was approximately RMB.
Express News | Yuzhou Group - November Sales RMB781 Mln
Hong Kong stocks move | Mainland real estate stocks opened higher across the board. The Political Bureau meeting emphasized to "stabilize the real estate market," and policies for both supply and demand in real estate are expected to increase.
Mainland real estate shares opened higher across the board. As of the time of writing, sunac (01918) rose 13.84% to HKD 3.29; ronshinechina (03301) rose 13.73% to HKD 0.58; radiance hldgs (09993) rose 12.65% to HKD 3.74.
Yuzhou Group Plans Debt Restructuring and Equity Changes
Standard Chartered: It is expected that the Federal Reserve will cut interest rates by 125 basis points from the current period to the third quarter of next year. The housing market in Hong Kong is expected to stabilize in an L-shaped manner next year.
Although the usa's interest rate cut is slower than expected in both magnitude and speed, Hong Kong silver has reacted quite quickly to follow the usa's interest rate cut, hence it is expected that the real estate market will stabilize in an L-shaped manner next year.
