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Sinolink Securities: Third Plenary Session of the 18th CPC Central Committee first proposed real estate. Second-hand housing prices in Beijing and Shanghai increased month-on-month.
The communique of the Third Plenary Session on the policy front first proposes to prevent and resolve real estate risks and point out the direction of future real estate development. It is expected that the previous policy of destocking will accelerate its implementation, restrictive policies will continue to be relaxed, and the new model of "indemnificatory apartments + commodity apartments" will accelerate its construction, speeding up the process of market stabilization.
According to Zhongzhi Research Institute, the merger and acquisition activity in the real estate industry continued to increase in June.
According to Zhongzhi Research Institute monitoring, there were 17 merger and acquisition trades in the real estate industry in June 2024, an increase of 2 compared to the previous month.
Hong Kong Stocks Watch: Mainland real estate stocks continue to decline in early trading, with most companies' performance announcements under pressure. Various indicators in the first half of the year continued to build a bottom.
Mainland real estate stocks continued to fall in early trading. As of press time, Sino-Ocean GP (03377) fell by 4%, reporting HKD 0.36; China Overseas (00688) fell by 3.45%, reporting HKD 13.42; R&F Properties (02777) fell by 3.41%, reporting HKD 0.85.
R&F Properties Logs Nearly 1.2 Billion Yuan in June Contracted Sales
Guangzhou R&F Properties (HKG:2777) recorded contracted sales of approximately 1.15 billion yuan in June, with a gross floor area (GFA) of 80,500 square meters, a Friday bourse filing said.For the
R&F Properties (02777.HK) has a total sales revenue of approximately 5.6 billion yuan in the first half of the year.
On July 12th, Gelunhui reported that R&F Properties (02777.HK) announced a total sales revenue of about RMB 1.15 billion and a sales area of about 0.0805 million square meters in the month of June 2024. As of the end of June 2024, the total sales revenue was about RMB 5.6 billion and the sales area was about 0.3936 million square meters.
Express News | Guangzhou R&F Properties Co Ltd - Total Contracted Sales for June RMB1.15 Bln
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