BRIEF: Zhenro Properties sales tumble in September

Zhenro Properties Group Ltd (6158.HK) said on Thursday its September sales totaled 570 million yuan ($810 million), down 48% from the same month a year earlier. Despite the sharp year-on-year decline, the latest figure was actually up by nearly 33% sequentially from the 430 million yuan in August sales.

The company’s aggregated contracted sales in the first nine months of this year totaled 4.89 billion yuan, down nearly 62% from 12.8 billion yuan in the same period last year. During the period, the company’s aggregated gross floor area sold was approximately 340,000 square meters, also down 60% year-on-year. Its average selling price was 14,400 yuan per square meter, down 3.4% year-on-year.

By Lau Chi Hang

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