Greentown China Posts RMB38.6 Billion in Preliminary Q1 2026 Contracted Sales
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Greentown China Holdings reported preliminary Q1 2026 contracted sales of approximately RMB38.6 billion, with a total sales area of about 1.76 million square meters. The group sold 2,840 units in March, generating monthly sales of roughly RMB15.1 billion. Despite the challenging property market in China, the figures indicate strong demand and cash flow generation. However, management advised that these unaudited numbers may differ from future financial statements. The current analyst rating for Greentown China stock (HK:3900) is a Hold with a price target of HK$11.50.
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