Sino-Ocean Logs Over 3.7 Billion Yuan in November Contracted Sales

MT Newswires57minutes ago

Sino-Ocean Group Reports Robust 2024 Sales Performance

TipRanks04:39 ET

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.

Gelonghui Finance04:12 ET

Express News | Sino-Ocean Group - November Contracted Sales RMB3.73 Bln

Reuters04:11 ET

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.

Zhitong FinanceDec 9 20:24 ET

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.

Zhitong FinanceDec 9 00:45 ET