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Melco International Seeks Compensation From Agile Over Botched Development Deal
Hong Kong stock morning report ｜ Trump's tariffs hard hit the US stock market, Shenzhen supports AI development.
① Trump announced that tariffs of 25% will be imposed on Canada and Mexico. ② The three major U.S. stock indexes fell sharply, and most China Concept Stocks declined. ③ OPEC+ will continue to advance the oil production increase plan set for April, and international Crude Oil Product futures prices dropped by over 1%. ④ The PMI for U.S. manufacturing declined to 50.3. ⑤ Shenzhen plans to build several 10E-level Asia Vets computing clusters.
AGILE GROUP (03383.HK) had a total pre-sale amount of 0.85 billion yuan in February.
On March 3, Gelonghui reported that AGILE GROUP (03383.HK) announced that the pre-sale amount of the company and its subsidiaries, together with joint ventures and associates, as well as Real Estate projects managed by the Group and sold under the "AGILE" brand ("AGILE Projects"), amounted to approximately 0.85 billion yuan with a corresponding construction area of approximately 0.089 million square meters as of February 2025; the average price was 9,512 yuan per square meter. As of February 28, 2025, the total pre-sale amount for the Group, together with joint ventures and associates, as well as AGILE Projects, reached approximately 1.64 billion yuan.
Express News | Agile Group - February Aggregated Pre-Sale Value RMB0.85 Bln
Hong Kong stocks are showing unusual movement | Mainland Real Estate stocks are among the top gainers as the Political Bureau meeting reaffirms the stability of the property market. Institutions state that the property market may enter a new cycle of poli
Mainland Real Estate stocks have risen significantly. As of the time of reporting, RONSHINECHINA (03301) is up 15.15%, priced at 0.38 Hong Kong dollars; CIFI Holdings (00884) has increased by 10.91%, priced at 0.305 Hong Kong dollars; COUNTRY GARDEN (02007) is up 10%, priced at 0.55 Hong Kong dollars; LOGAN GROUP (03380) has increased by 7.69%, priced at 1.12 Hong Kong dollars.
Zhongyuan Mortgage: The amount of mortgages used in Hong Kong in January increased by 18%, and the selection ratio of H rose to 93%.
Wang Meifeng, the Managing Director of Central Plains Mortgage, stated that according to the latest statistics from the Hong Kong Monetary Authority on residential mortgages, the number and amount of new mortgages in Hong Kong significantly increased by 16% and 17.6% month-on-month in January 2025, reaching 3,438 cases and 15.6 billion yuan, respectively. The number of cases has risen for three consecutive months, hitting a four-month high, while the amount has risen for two consecutive months, hitting a five-month high, mainly reflecting the increase in bullish factors since the fourth quarter of 2024, indicating stability in the Hong Kong property market.
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