Shimao Group’s Strong Sales Highlight Market Performance

Shimao Property Holdings (HK:0813) has released an update.

Shimao Group Holdings reported unaudited contracted sales of approximately RMB28.45 billion for the first ten months of 2024, with an average selling price of RMB12,800 per square meter. In October alone, the company achieved contracted sales of around RMB3.11 billion, highlighting a vibrant real estate market performance. Investors are cautioned that these figures are preliminary and may vary in future audited reports.

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