Summary by Moomoo AI
Yuexiu Real Estate Co., Ltd. announced on April 10, 2024 data on unaudited sales and land acquisitions for the year ended March 31 of the same year. The Company's March contract sales amounted to approximately RMB113.41 billion, a year-on-year decrease of approximately 46.6%, and the contract sales area was approximately 33.09 million square meters, down approximately 47.6% year-on-year. Cumulative contract sales for the first quarter of 2024 were approximately RMB217.02 billion, a year-on-year decrease of approximately 50.5%, and a cumulative sales area of approximately 70.45 million square meters, a year-on-year decrease of approximately 44.7%, and cumulative contract sales accounted for approximately 14.8% of the full-year sales target. In addition, in March, the Company acquired a residential land plot in Yangpu District and Panyu...Show More