Shimao Property Holdings (HK:0813) has released an update.
Shimao Group Holdings Limited reported unaudited operating statistics for the first five months of 2024, revealing aggregated contracted sales of approximately RMB 13.78 billion and a total sold area of 1,057,898 square meters. The average selling price was RMB 13,027 per square meter, with the month of May alone accounting for RMB 2.92 billion in sales and an average price of RMB 12,735 per square meter. The company advised investors to exercise caution and not to place undue reliance on these preliminary figures.
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