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Will the sales of the top 100 real estate companies drop month-on-month in November? Will there be a strong finish in December?
① November is the second complete calendar month after the "926" easing policy. Overall, real estate companies' sales have declined compared to October; ② "It is expected that real estate companies will maintain strong promotional efforts in December to boost performance, and sales in top 100 companies and core cities are likely to continue improving on a month-on-month and year-on-year basis."
Hong Kong stocks have shown unusual movements, with mainland real estate generally rising. In November, the top 100 real estate companies' sales volume showed a clear rebound compared to the third quarter, with expectations for a major conference continui
Mainland real estate stocks generally rose, as of the time of publication, Shimao Group (00813) rose by 6.31%, to HK$1.18; RonshineChina (03301) rose by 5.68%, to HK$0.465; Sunac (01918) rose by 4.03%, to HK$2.58.
sunac (01918.HK): Sun Island Group has acquired 46.67% equity of Harbin Ice and Snow World held by Harbin sunac Cultural Tourism for 1.021 billion yuan.
On November 29, Gelonghui reported that sunac (01918.HK) announced that on November 29, 2024, Harbin Sunac Cultural Tourism, Sun Island Group, and the target company Harbin Ice and Snow World Co., Ltd. entered into an agreement, under which Sun Island Group agreed to acquire 46.67% equity of the target company held by Harbin Sunac Cultural Tourism (i.e. the target equity) for approximately 1.021 billion yuan. Of this amount, approximately 0.2026 billion yuan will be used to repay the group's outstanding payments to the target company, around 0.414 billion yuan will be used to repay the pledge loan related to the target equity, and the remaining approximately 4.04 billion yuan.
Express News | Sunac China - Deal for RMB1,021 Mln
Express News | Sunac China - Sun Island Group Agreed to Purchase 46.67% Equity Interests in Harbin Ice and Snow World Park Limited
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