BRIEF: Sunac’s sales fall 27% in August
Real estate developer Sunac China Holdings Ltd. (1918.HK) said on Thursday its contracted sales totaled 5.39 billion yuan ($755 million) in August, down 27% from the same month a year earlier.
The company’s August contracted sales area totaled around 130,000 square meters, down 7.8% year-on-year, while its average selling price fell 20% year-on-year to 41,460 yuan per square meter.
Sunac’s total sales in the first eight months of 2025 totaled 30.47 billion yuan, down 13% year-on-year. Its average selling price per square meter rose 57% to 33,050 yuan compared with the same period last year.
Shares of Sunac opened up 0.65% at HK$1.55 on Friday and were up about 4% by the midday break. The stock is down over 30% since the beginning of this year.
By Lau Chi Hang
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