On June 23, Longfor Group fell 5.15% in regular trading, trading at HK$6.27/share, with turnover of HK$143 million.

The decline came amid continued sector-wide weakness following the release of national real estate data for January to May. According to research reports, nationwide commercial housing sales area totaled 313 million square meters, down 10.8% year-on-year, while sales revenue reached RMB 2.94 trillion, down 13.5% YoY. Real estate development investment fell 16.2% YoY, with the decline widening, indicating persistent capital pressure among developers. Domestic loan declines deepened further, with only sales collection data showing marginal improvement.

Within the Real Estate Development sector, stocks broadly declined. Among peers, China Resources Land fell 3.08%, China Overseas Development fell 2.51%, C&D International fell 2.78%, Henderson Land fell 3.20%, and China Jinmao fell 3.70%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)