The Zhitong Finance App learned that Yuexiu Real Estate (00123) rose nearly 6% in early trading. As of press release, it had risen 3.91% to HK$3.72, with a turnover of HK$29.623,300.

According to the news, Yuexiu Real Estate announced that on April 16, 2024, Hangzhou Yile, a 95% subsidiary, successfully competed for a residential site located in Zhongxing Community, Jing'an District, Shanghai, with a total construction area of about 31,933.20 square meters, at a cost of 1,597 billion yuan.

Furthermore, Yuexiu Real Estate recently announced that in March, the company achieved a contract sales amount of about RMB 11.341 billion, and achieved a contracted sales area of about 339,900 square meters. In the first quarter of 2024, the company's cumulative contract sales amount was about 21.702 billion yuan, and the cumulative contract sales area was about 704,500 square meters. The cumulative contract sales amount accounted for 14.8% of the 2024 contract sales target of 147 billion yuan.