{Economic Information Daily, 13th} Longfor (00960) is currently down 3.1%, trading at HK$4.975, with approximately 10.62 million shares traded, involving HK$534 million, reaching a high of HK$5.13 and a low of HK$4.955; China Overseas (00688) is down 1.3% at HK$12.87; Runthe (01109) is down less than 0.1% at HK$30.08.
The mainland property market traditionally refers to September as the 'Golden September' and October as the 'Silver October', indicating that September is the peak season for property sales. However, in recent years, the mainland property market has remained under pressure, making the 'Golden September and Silver October' phenomenon no longer evident.
Longfor Group announced that its sales amount for September was RMB 2.3 billion, down 54%, with a sales area of 267,000 square meters; attributable equity holder's sales amount was RMB 1.42 billion, with attributable equity holder's sales area of 177,000 square meters. For the first three quarters, cumulative contracted sales amounted to RMB 23.14 billion, down 54.4%, with a sales area of 2.506 million square meters.
The Group's operating and service businesses generated approximately RMB 20.44 billion in tax-exclusive revenue for the first three quarters, of which operating revenue was approximately RMB 10.93 billion and service revenue was approximately RMB 9.51 billion. Additionally, the Group acquired one new land reserve in September, located north of Xuanxing 4th Road in Shenyang, with a total construction area of 91,400 square meters, holding a 50% interest, resulting in an attributable construction area of 45,700 square meters and an attributable land price of RMB 212 million.
Currently, the Hang Seng Index stands at 24,062, down 208 points or 0.9%, with main board turnover nearing HK$49.2 billion. The H-share Index is at 8,087, down 81 points or 1%. The Hang Seng Tech Index is at 4,075, down 93 points or 2.3%. (vs)
The mainland property market traditionally refers to September as the 'Golden September' and October as the 'Silver October', indicating that September is the peak season for property sales. However, in recent years, the mainland property market has remained under pressure, making the 'Golden September and Silver October' phenomenon no longer evident.
Longfor Group announced that its sales amount for September was RMB 2.3 billion, down 54%, with a sales area of 267,000 square meters; attributable equity holder's sales amount was RMB 1.42 billion, with attributable equity holder's sales area of 177,000 square meters. For the first three quarters, cumulative contracted sales amounted to RMB 23.14 billion, down 54.4%, with a sales area of 2.506 million square meters.
The Group's operating and service businesses generated approximately RMB 20.44 billion in tax-exclusive revenue for the first three quarters, of which operating revenue was approximately RMB 10.93 billion and service revenue was approximately RMB 9.51 billion. Additionally, the Group acquired one new land reserve in September, located north of Xuanxing 4th Road in Shenyang, with a total construction area of 91,400 square meters, holding a 50% interest, resulting in an attributable construction area of 45,700 square meters and an attributable land price of RMB 212 million.
Currently, the Hang Seng Index stands at 24,062, down 208 points or 0.9%, with main board turnover nearing HK$49.2 billion. The H-share Index is at 8,087, down 81 points or 1%. The Hang Seng Tech Index is at 4,075, down 93 points or 2.3%. (vs)
