No Data
No Data
Zhongzhi Property Research: In July, the TOP 50 property service enterprises added a total contracted area of about 96.16 million square meters.
Top 50 Chinese property service companies with newly added contract area in July 2024.
As a whole, the property management stocks are under pressure. Songdu Service (09608) fell by 10.81%. Morgan Stanley expects reduced management fees to put pressure on the profitability of property management stocks.
Kinwai Financial News | Property management stocks are under pressure as a whole. Songdu Services (09608) fell 10.81%, Powerlong Commercial (09909) fell 4.91%, Times Neighborhood (09928) fell 4.26%, Binjiang Services (03316) fell 2.95%, KWG Living (03913) fell 2.67%, and China RES Mixc (01209) fell 2.43%. JPMorgan published a research report stating that since June, Chongqing has seen many community owners requesting a reduction in management fees, with a rising trend. Currently, most requests have not been successful, and no similar requests have been seen in other regions of the mainland.
Binjiang Service Group Acquires Car Parking Spaces, Increases Annual Cap for Catering Services
Binjiang Ser signed a framework agreement with Binjiang Property.
Binjiang Ser (03316) announced that on July 16, 2024, the company signed a framework agreement with Binjiang Property. With the agreement of both parties to the transaction, the group can trade with Binjiang Property Group at any time to obtain the right to use the parking spaces (including occupation and transfer rights) developed and owned by Binjiang Property Group and managed by the group for the purpose of resale. The term of the framework agreement is from July 17, 2024 to December 31, 2024 (including the first and last days). The parking spaces are located/will be located in projects developed, owned and managed by Binjiang Property Group. After the project is completed, Binjiang Property
Hangzhou Binjiang Real Estate Group (002244.SZ) signed a parking space framework agreement with its affiliate, Binjiang Ser Group.
On July 16th, Gelonhui announced that due to operational needs, the company signed a parking space framework agreement with its affiliated company, Binjiang Service Group Co., Ltd. on July 16, 2024. It is expected that between July 17, 2024, and December 31, 2024, the company's subsidiaries and Binjiang Service Group Co., Ltd. and its subsidiaries (referred to as "Binjiang Service") will have a related party transaction to transfer parking space usage rights. The transfer amount will not exceed 0.15 billion yuan.
Binjiang Ser (03316.HK) has signed a framework agreement with Binjiang Property.
On July 16th, GeLongHui announced that on July 16th, 2024, the company and BinJiang Property signed a framework agreement. With the consent of both parties, the Group can trade with BinJiang Property Group at any time to obtain the right to use parking spaces (including occupancy and transfer rights) developed and owned by BinJiang Property Group and managed by the Group for reselling purposes. The term of the framework agreement is from July 17th, 2024 to December 31st, 2024.
No Data