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Sino-Ocean Group Reports Robust 2024 Sales Performance
SINO-OCEAN GP (03377.HK): Cumulative contracted sales amount to 30.6 billion yuan from January to November.
Gelonghui, December 12th丨SINO-OCEAN GP (03377.HK) announced that the company, along with its subsidiaries, joint ventures, and associates, has an agreed sales amount of approximately 3.73 billion yuan for November 2024; the agreed sales floor area is approximately 346,300 square meters; the average price per square meter is about 10,800 yuan. From January 1 to November 30, 2024, the accumulated agreed sales amount is approximately 30.6 billion yuan; the accumulated agreed sales floor area is approximately 2,544,100 square meters; the accumulated average price per square meter is about 12,0.
Express News | Sino-Ocean Group - November Contracted Sales RMB3.73 Bln
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.
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.
Ke Erui Research Center: In November, the performance of the top 100 real estate companies decreased by 16.6% month-on-month, with high investment focus and concentration.
Looking ahead to the market, Ke Rui believes that December coincides with the performance sprint season for real estate companies, and it is possible that some real estate companies will carry out year-end promotions to boost their performance. Considering this impact, overall transaction volumes are expected to rise month-on-month, showing a slight uptick.
Venture118 : Nothing concrete, I’m not surprised…. Continue like tis may go back to last low
spirit99 : China to almost double support for unfinished housing projects to $737 billion
【官方定调,房地产终于触底】https://www.backchina.com/news/2024/10/18/939490.html
103725026 : What happened?
103725026 : Oh, no movement.