Yuexiu Property Co (HK:0123) has released an update.
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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.
For further insights into HK:0123 stock, check out TipRanks’ Stock Analysis page.
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