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R&F Properties Logs Nearly 1.2 Billion Yuan in March Contracted Sales
Express News | R&F PROPERTIES: The total sales revenue in the first quarter is approximately 2.77 billion yuan, an increase of 2.21% year-on-year.
R&F PROPERTIES (02777.HK) total sales revenue in March increased by 10.19% year-on-year.
R&F PROPERTIES (02777.HK) announced that in March of this year, total sales revenue was approximately 1.19 billion yuan, an increase of 10.19% year-on-year, with a sales area of about 0.1184 million square meters. In the first three months of this year, total sales revenue was approximately 2.77 billion yuan, a year-on-year increase of 2.21%, with a sales area of about 0.2548 million square meters.
Express News | R&F PROPERTIES: The contract sales amount in March is 1.19 billion yuan.
[Brokerage Focus] BOCOM INTL: A slight spring brings warmth to the market, anticipating ongoing recovery in the property market.
Golden Financial News | BOCOM INTL released the Real Estate Industry monthly report. According to preliminary data from CRIC, the total sales of the top 100 developers will increase by 73.9% month-on-month to 344.5 billion yuan before March 2025. Sales of 23 major listed developers increased by 67.6% month-on-month in March. Most developers experienced a narrowing in the year-on-year decline. The bank indicated that the price index in various cities has seen a narrowing in the year-on-year decline. The National Bureau of Statistics reported that the Index of newly built Commodity Residential prices in 70 large and medium-sized cities fell by 5.2% year-on-year and 0.1% month-on-month in February (January 2025: -5.4%/0.1%), and second-hand Commodity Residential properties.
[Brokerage Focus] China Securities Co., Ltd. is bullish on the overall performance of the Real Estate sector, and subsequent policies are expected to continue to strengthen.
Jinwu Finance | China Securities Co.,Ltd. stated that in March, the transaction volume of new homes in key cities increased by 3.5% year-on-year, while the transaction volume of second-hand homes grew by 37% year-on-year, with the share of second-hand home transactions continuing to rise. The performance of core cities was remarkably good. In Beijing, Shanghai, Guangzhou, Shenzhen, and Hangzhou, the year-on-year growth rate of second-hand home transactions exceeded 30%. The sales amount of the top 100 real estate companies in March saw an increased decline, mainly due to the substitution of second-hand homes and a decrease in newly launched projects, but the initial sales rate of projects in core cities showed a significant improvement. The land market remains hot, with "land kings" frequently appearing at unit prices in core cities, pushing up the premium rates in land auctions. In March, the national premium rate for residential land transactions was 17.15%, an increase of 4.4 percentage points month-on-mon