Brief News: The domestic property market remains weak, Longfor's sales halved in the first four months
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Mainland real estate developer LONGFOR GROUP Holdings Limited announced that property sales data for the first four months of this year plummeted by 53% year-on-year to 10.35 billion yuan, with the construction area also falling by 28%. Contract sales in April amounted to 2.89 billion yuan, a year-on-year decrease of 43.7%. The contract sales amount attributable to shareholders of the company was 1.93 billion yuan, a year-on-year drop of 46.5%. Operating and service revenue was approximately 8.85 billion yuan, a slight increase of 1%. On Tuesday, the stock price fell by 1% to HKD 9.82, nearly 20% lower than last year's peak
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