DREAMEAST (00593): Group Sold 124 Property Units, Expected to Generate Revenue of at Least HK$89.7 Million

Stock News
Sep 23

DREAMEAST (00593) announced that the company's joint and several liquidators are pleased to announce that during the period from July 1, 2025 to the date of this announcement (September 23, 2025), the group sold a total of 124 property units with a total contracted gross floor area of approximately 27,493 square meters. Based on existing preliminary data, the revenue generated from these sales is expected to be at least approximately HK$89.7 million.

Among the above sales, approximately HK$71.1 million was derived from property sales of the property development project in Huadong Town, Huadu District, Guangzhou, China. The strong market demand and rapid sales momentum demonstrated by the Guangzhou property project during this period shows that the group's strategy in revitalizing existing assets and realizing business value has been highly effective, further strengthening the group's operational vitality and sustainable development capabilities.

During this period, the group's contracted sales progress was generally in line with the group's internal forecasts, indicating that despite the highly competitive market environment, the group's property business continues to have sustainable demand. This not only proves the rationality and effectiveness of the group's business strategy, but also reflects the market's high recognition of the group's property products.

The group views this solid performance as a positive indicator, demonstrating that even when facing challenges, the group can maintain business stability and create value. In addition, trading suspension continues.

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