Yuexiu Property Reports Sales Drop and New Land Acquisitions

Yuexiu Property Co (HK:0123) has released an update.

Yuexiu Property Co reported a 15.6% decline in its monthly contracted sales value for November 2024, totaling approximately RMB10,021 million, despite a slight increase in gross floor area. The company also revealed a significant drop of 24% in its accumulated contracted sales from January to November. Additionally, Yuexiu made strategic land acquisitions in Beijing and Shanghai, investing heavily in residential projects to boost its portfolio.

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