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Mainland Real Estate stocks fell with the market, ZHONGLIANG HLDG (02772) decreased by 5.79%. Institutions expect that December transactions will continue to recover.
Jinwu Finance | Mainland Real Estate stocks decline with the market, ZHONGLIANG HLDG (02772) down 5.79%, CHINA VANKE (02202) down 4.2%, RADIANCE HLDGS (09993) down 3.32%, CHINA JINMAO (00817) down 2.97%, CHINA OVERSEAS (00688), LONGFOR GROUP (00960), CHINA RES LAND (01109) down over 1%. The Pacific Securities Research indicates that in November, the sales volume and sales area of commercial housing nationwide turned positive year-on-year, with buyers' confidence in purchasing homes recovering, showing signs of market improvement. Funding availability in Real Estate has improved, as December is generally a time for developers.
Zhongliang hldg (02772.HK) had contract sales of approximately 1.27 billion yuan in November.
On December 6, Global Finance announced that zhongliang hldg (02772.HK) reported that from January to November 2024, the group's total contract sales (including joint ventures and associates) amounted to approximately 16.44 billion yuan, with a total contract sales area of about 1,543,000 square meters. The average contract sales price from January to November 2024 was approximately 10,700 yuan per square meter. In November 2024, the group's contract sales (including joint ventures and associates) amounted to approximately 1.27 billion yuan, with a contract sales area of about 116,000 square meters.
Zhongliang Holdings Appoints New Auditor After Ernst & Young Resigns
zhongliang hldg (02772.HK) appoints Zhonghui Anda as auditor.
November 15─ Zhongliang Hldg (02772.HK) announced that the company has reached a consensus with the company's auditor Ernst & Young Accounting Firm. Ernst & Young has resigned as the company's auditor effective November 15, 2024, due to the inability to reach a consensus on audit fees for the fiscal year ending December 31, 2024. Upon the recommendation of the audit committee, the board of directors has resolved to appoint Zhonghui Anda Certified Public Accountants Limited as the company's new auditor to fill the interim vacancy left by Ernst & Young's resignation, effective from November 15, 2024, until the end of the next annual general meeting of shareholders.
Hong Kong stocks moved differently | Mainland real estate stocks all reversed to decline. Morgan Stanley pointed out that housing tax reduction measures are expected to slightly help real estate sales, but continuous recovery is difficult to sustain.
Mainland real estate stocks opened high in the morning and then fell all the way, all turning into declines. As of the time of writing, Seazen (01030) fell by 3.6%, closing at 2.14 Hong Kong dollars; Zhongliang Holdings (02772) fell by 3.57%, closing at 0.135 Hong Kong dollars.
Zhongliang Holdings Group Records Contracted Sales of 1.60 Billion Yuan in October
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