On June 11, Longfor Group rose 3.17% in regular trading, trading at HKD 8.37/share, with trading volume of HKD 11.4782 million. The gain was driven by the company's latest sales data release showing solid operational momentum.

According to the announcement, Longfor Group achieved cumulative total contract sales of RMB 13.67 billion in the first five months, with May single-month contract sales reaching RMB 3.32 billion, representing a 14.9% month-over-month increase. Contract sales area for the period totaled 1.451 million square meters. Meanwhile, operating and service business revenue amounted to approximately RMB 11.14 billion (including tax: RMB 11.88 billion), up 1.1% year-over-year, demonstrating stable recurring income. The company also added 77,000 square meters of new land reserves in May with equity land cost of RMB 374 million, reflecting a prudent investment strategy.

The broader sector showed mixed performance, with the top 100 developers recording an 11% month-over-month increase in operated sales in May, signaling marginal improvement in core cities. Within the Real Estate Development sector, China Resources Land rose 2.06%, CK Asset rose 1.77%, while Sunac fell 1.18%.

(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.)