Latest Search
Quote
| Back Zoom + Zoom - Top | ||||
|
<Research>UBS: CN Top 100 Property Firms' Sales Recover Slightly in Jun
Recommend 10 Positive 16 Negative 6 |
||||
|
||||
|
According to data from CRIC, the top 100 property developers recorded a 22% YoY decline in sales in June 2024, representing a narrower decline from the 35% YoY drop in May, UBS issued a research report saying. The sales of top 100 property developers grew 33% MoM, better than the average 29% growth in June over the past 5 years. Seven of the top 10 real estate companies reported YoY sales growth in June, which is believed to be driven by a lower base in 2023, as well as new saleable resource from new land reserves in 1H24. Overall, UBS expected state-owned real estate companies to continue to outperform private real estate enterprises, with POLY DEVELOPMENTS(600048.SH, CHINA RES LAND (01109.HK), CHINA OVERSEAS (00688.HK) and YUEXIU PROPERTY (00123.HK) posting a YoY sales growth of between 2% and 45% in June. The sales of CHINA VANKE (02202.HK) and MERCHANTS SHEKOU(001979.SZ) slipped 21% and 29%, respectively. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
