Zhongtong Finance APP announced that Tai Sang Land (00089) released its mid-year performance in 2024, with the group achieving an income of 0.241 billion Hong Kong dollars, a year-on-year increase of 4.48%; shareholders' net loss attributable to shareholders was 0.158 billion Hong Kong dollars, compared to a net profit attributable to shareholders of 0.124 billion Hong Kong dollars in the same period of the previous year, a year-on-year turnaround from profit to loss; basic loss per share was 0.55 Hong Kong dollars; a proposed interim dividend of 4 Hong Kong cents per share.

The announcement stated that in Hong Kong, China, the gross leasing income for the first half of 2024 was 0.147 billion Hong Kong dollars, an increase of 8.3 million Hong Kong dollars or 6.0% compared to the same period last year. This increase was mainly contributed by the new lease agreements and lease renewals for Bridge Hill, Morning Glory Residence, and Golden Garden Mansion. The group anticipates a moderate recovery in the rental market for residential units in 2024.