China New City Commercial Development Ltd (HK:1321) has released an update.
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China New City Group Limited has provided a supplemental announcement regarding its renewed framework agreements with Zhong An Intelligent, focusing on car parking space sales agency services. The company anticipates an increase in demand due to potential real estate policies promoting market stability and recovery, despite recent declines in transaction amounts. This outlook is supported by an expected growth in unsold car parking spaces to be managed by Zhong An Intelligent in the coming years.
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