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Express News | COUNTRY GARDEN: In January, the contracted sales amounted to approximately 2.26 billion yuan.
HSBC Research's investment rating and Target Price for Mainland Real Estate (table).
HSBC Research has published a report listing investment ratings and target prices for Mainland Real Estate stocks as follows:
HSBC Research has lowered the Target Price of COUNTRY GARDEN (02007.HK) to 0.4 yuan and prefers CHINA RES MIXC (01209.HK) and KE Holdings (BEKE.US).
HSBC Research published a report indicating that various financially strained real estate developers are making progress in the second round of debt restructuring. The bank maintains that debt restructuring is an emerging positive catalyst, forecasting that the onshore bond restructuring of Sunac (01918.HK), the offshore bond restructuring approval of COUNTRY GARDEN (02007.HK), and the management restructuring of Vanke (02202.HK) have all become key factors in stabilizing market sentiment, reflecting that collaborative efforts to resolve complex debt issues are crucial.
Yantai City begins issuing targeted housing purchase coupons to the market today, with a total value of 60 million yuan.
The Yantai Housing and Urban-Rural Development Bureau announced that starting today (the 11th), Yantai City will introduce targeted home purchase vouchers into the market, characterized by high face value, large amounts, precise distribution, one-time use, first-come-first-served, and rolling release. These targeted home purchase vouchers will specifically support buyers of high-quality Real Estate projects in group purchases and those exchanging old homes for new ones, with a total voucher issuance amount reaching 60 million yuan (RMB), including 50 million yuan for group purchase home vouchers and 10 million yuan for old-for-new housing vouchers. The vouchers were concentrated in release at 9:00 AM this morning, and the application period is until June 3, 2025.
Country Garden's Contracted Sales Reach 2.3 Billion Yuan in January
In January, COUNTRY GARDEN (02007.HK) saw its sales volume decline by 58.8% year-on-year.
COUNTRY GARDEN (02007.HK) announced that in January, the monthly contracted sales amount was approximately 2.26 billion yuan, a year-on-year decline of 58.83%. The contracted sales building area was about 0.27 million square meters.