Yuexiu Property Co (DE:GUZA) has released an update.
Yuexiu Property Co. has reported a significant 40.7% year-on-year decrease in monthly contracted sales for July 2024, although the gross floor area sold increased by 2.2%. The total contracted sales from January to July 2024 also fell by 34.4% compared to the previous year. Additionally, the company acquired a 46.55% stake in a residential land parcel in Shanghai’s Yangpu District, aiming for development.
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