Summary by Moomoo AI
Yuexiu Real Estate Co., Ltd. announced on 8 March 2024 unaudited sales statistics for the year ended 29 February 2024 and new land acquisition data for February. In February 2024, Yuexiu real estate contract sales amounted to approximately RMB38.15 billion, a decrease of approximately 72.2% compared to the same period last year, and the contract sales area was approximately 14.46 million square meters, a decrease of approximately 64.3% year-on-year. Cumulative contract sales in January-February 2024 amounted to approximately RMB103.61 billion, a year-on-year decrease of approximately 54.1%, and the cumulative contract sales area was approximately 37.35 million square meters, a year-on-year decrease of approximately 41.8%. In addition, in February, the company acquired a real interest in a residential land plot in Hefei City, with a building area of about 114,014 square meters and a land price of about RMB14.09 billion. The Company reminds investors that the above unaudited information is for reference only and advises investors to exercise caution when trading and seek professional advice if necessary.