Mainland Real Estate stocks fell with the market, ZHONGLIANG HLDG (02772) decreased by 5.79%. Institutions expect that December transactions will continue to recover.

Jinwu Finance | Mainland Real Estate stocks decline with the market, ZHONGLIANG HLDG (02772) down 5.79%, CHINA VANKE (02202) down 4.2%, RADIANCE HLDGS (09993) down 3.32%, CHINA JINMAO (00817) down 2.97%, CHINA OVERSEAS (00688), LONGFOR GROUP (00960), CHINA RES LAND (01109) down over 1%. The Pacific Securities Research indicates that in November, the sales volume and sales area of commercial housing nationwide turned positive year-on-year, with buyers' confidence in purchasing homes recovering, showing signs of market improvement. Funding availability in Real Estate has improved, as December is generally a time for developers.

King's Financial NewsDec 19 13:20

Express News | Zhongliang hldg: In the first 11 months, the cumulative contract sales amounted to approximately 16.44 billion yuan, a year-on-year decrease of 48.54%.

BreakingsDec 6 17:53

According to Fitch, the sales value of new housing in mainland China is expected to decline by 15% next year.

Fitch Ratings report indicates that mainland real estate developers are expected to continue facing challenges in 2025, with predicted decline in the value of new building sales by 15% to around 7.3 trillion yuan, mainly due to a 10% decrease in sales area and a 5% decrease in average selling price. In addition, the bank also expects that the long-term average annual demand for new residences from 2024 to 2040 will reach a building area of 0.8 billion square meters, with private residential supply reaching 0.6 billion square meters each year. Cities with good economic prospects and relaxed purchase restrictions may perform better.

AASTOCKSNov 25 12:06

Zhongliang Holdings Appoints New Auditor After Ernst & Young Resigns

MT NewswiresNov 19 20:54

Hong Kong stocks anomaly | Mainland real estate stocks surged and then fell back, ronshinechina (03301) dropped more than 5%, zhongliang hldg (02772) dropped more than 3%.

Mainland real estate stocks surged and then fell back. As of the time of writing, ronshinechina (03301) is down 5.05%, trading at 0.47 HKD; zhongliang hldg (02772) is down 3.68%, trading at 0.131 HKD; shimao group (00813) is down 2.5%, trading at 1.17 HKD.

Zhitong FinanceNov 19 13:46

Zhongliang hldg (02772.HK) has appointed Zhonghui Anda as the auditor.

On November 15, Grong Hui announced that Zhongliang Holdings (02772.HK) has reached an agreement with Ernst & Young Accountants, the company's auditor. Ernst & Young has resigned as the company's auditor effective from November 15, 2024, due to the failure to reach an agreement with the company on audit fees for the fiscal year ending December 31, 2024. Upon the recommendation of the Audit Committee, the Board of Directors has resolved to appoint Zhonghui Anda Certified Public Accountants Co., Ltd. as the company's new auditor to fill the temporary vacancy left by Ernst & Young's resignation, effective from November 15, 2024, until the end of the next annual general meeting of the shareholders.

Gelonghui FinanceNov 15 20:03