---
title: "Brief News: The domestic property market remains weak, Longfor's sales halved in the first four months"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286020607.md"
description: "Mainland real estate developer LONGFOR GROUP Holdings Limited announced that property sales data for the first four months of this year plummeted by 53% year-on-year to 10.35 billion yuan, with the construction area also falling by 28%. Contract sales in April amounted to 2.89 billion yuan, a year-on-year decrease of 43.7%. The contract sales amount attributable to shareholders of the company was 1.93 billion yuan, a year-on-year drop of 46.5%. Operating and service revenue was approximately 8.85 billion yuan, a slight increase of 1%. On Tuesday, the stock price fell by 1% to HKD 9.82, nearly 20% lower than last year's peak"
datetime: "2026-05-12T01:45:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286020607.md)
  - [en](https://longbridge.com/en/news/286020607.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286020607.md)
---

# Brief News: The domestic property market remains weak, Longfor's sales halved in the first four months

Mainland property developer **LONGFOR GROUP** (0960.HK) announced on Monday that its property sales data for the first four months of this year plummeted by 53% year-on-year to 10.35 billion yuan, with a total construction area of 1.153 million square meters, also down 28% year-on-year.

In April this year, Longfor's contracted sales reached 2.89 billion yuan, a year-on-year decline of 43.7%, with the contract sales amount attributable to shareholders of the company at 1.93 billion yuan, a significant drop of 46.5% year-on-year.

In the first four months of this year, the group achieved operating and service revenue of approximately 8.85 billion yuan, a slight increase of 1% compared to 8.76 billion yuan in the same period last year.

On Tuesday, Longfor's stock opened down 1% at 9.82 Hong Kong dollars, with the company's stock price down nearly 20% from its high over the past year.

_Liu Zhiheng_

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