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Next China, Hong Kong Stock Rally Will Likely Need Concrete Property Sector Policy
Hong Kong and China's stock market rally in May was driven by the re-rating of valuations to a more normalized level from the extremely bearish sentiment and investor positioning, thanks to the govern
Further Weakness as Seazen Group (HKG:1030) Drops 4.1% This Week, Taking Five-year Losses to 84%
Seazen Group Limited (HKG:1030) shareholders should be happy to see the share price up 28% in the last quarter. But that doesn't change the fact that the returns over the last half decade have been
China's SOEs Buying Excess Property a Major Step Forward in Rescue Plan
China's state-owned enterprises buying excess housing from the market could be a big leap forward in rescuing the country's property sector as it opens the door for direct public financing, ANZ Resear
Hong Kong stocks fluctuate, mainland real estate stocks fall collectively, Shimao Group (00813) falls more than 5%. The decline in real estate transactions in the two days before the Dragon Boat Festival holiday has expanded.
Mainland real estate stocks have generally fallen. As of press time, Shimao Group (00813) fell 5.62%, to HK$0.84; Seazen (01030) fell 4.11%, to HK$1.4; Sunac China (01918) fell 2.33%, to HK$1.26.
Seazen Group's Contracted Sales Reach 4.1 Billion Yuan in May
Seazen Group's (HKG:1030) contracted sales reached 4.10 billion yuan in May while its contracted sales area was 575,700 square meters, according to a Wednesday filing with the Hong Kong Stock Exchange
Seazen (01030.HK) achieved a cumulative contract sales of 19.754 billion yuan from January to May.
On May 2024, Seazen announced that it had achieved a contracted sales amount of approximately RMB 4.102 billion and a contracted sales area of approximately 575,700 square meters. From January to May 2024, the cumulative contracted sales amount was approximately RMB 19.754 billion and the cumulative sales area was approximately 2.7369 million square meters.
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