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Logan Group Achieves RMB120.69 Billion of Contract Sales in 2020, Industry Leading Growth of 31.9% y-o-y

Publish date: 08.01.2021 Size: TTT

(China / Hong Kong, January 8, 2021) Logan Group (3380.HK) has announced its sales performance. The Company’s contract sales attributable to the shareholders were approximately RMB12.01 billion in December 2020. As of December 31, Logan Group achieved an approximate total of RMB120.69 billion in full-year contract sales attributable to the shareholders, up 31.9% year-on-year, hitting 110% of its annual target of RMB110 billion in 2020.

In 2020, the sales performance of real estate companies varied considerably. Relying on its strong product competitiveness, rich saleable resources and efficient execution, Logan Group achieved high-quality growth in sales performance once more. The growth rate of contract sales exceeded 30%, ranking at the forefront among the sector. Moreover, the average sales price went up despite a downward trend in prices elsewhere, while the Company remained ahead in terms of market share in many cities, maintaining its strategic advantage comprising a strong focus on core regions and deep penetration into cities.

Meanwhile, Logan’s precise investment strategy has seen it successfully achieve an expansion of urban redevelopment projects, with most of them evenly distributed in the core cities of the Greater Bay Area. The incubation of these projects is accelerating and a considerable number of them are about to enter the market, ensuring the certainty of sustained growth in future performance. In 2020, Logan also entered Shanghai, Ningbo, Nanjing, Kunming and other cities for the first time, while it continued to expand its presence in cities like Shenzhen, Guangzhou, Foshan, Dongguan, Nanning, Suzhou and Chengdu. The Company’s investment in an increasing number of cities with high growth potential has raised its national strategic footprint to a new level.

Looking forward to 2021, sales of the overall real estate market is expected to remain at a high level. Policy adjustments and controls may lead to intensified industry differentiation, making it easier for high-quality real estate companies to stand out. Citigroup, UBS, Morgan Stanley, CICC, Bank of America Merrill Lynch, Nomura Securities and many renowned international investment banks have a positive outlook on Logan Group. Such investment banks believe Logan has ample land bank, stable finance and high certainty of performance growth, hence recommended Logan Group for long-term investors.

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    Logan Property Holdings Company Limited (“Logan Property”, stock code:3380.HK) is an integrated property developer focusing on residential property development in the PRC, mainly the Guangdong-Hong Kong-Macao Bay Area, with its products primarily targeting first-time homebuyers and upgraderstargeting first-time50萬人口提供了homebuyers and upgraders

  • Title

    Logan Property Holdings Company Limited (“Logan Property”, stock code:3380.HK) is an integrated property developer focusing on residential property development in the PRC, mainly the Guangdong-Hong Kong-Macao Bay Area, with its products primarily targeting first-time homebuyers and upgraderstargeting first-time50萬人口提供了homebuyers and upgraders

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