Shenzhen Investment Limited Reports Unaudited Group Contracted Sales for October and November and Year to Date of 2023
The Group's unaudited contracted sales for November 2023 amounted to approximately RMB 657 million, representing a decrease of 83.7% MoM and a decrease of 42.5% YoY. The contracted sales area was approximately 26,203 sq.m., down 74.5% MoM and down 38.0% YoY. In late November, the Metropolis Project located in Shanghai Jiading was launched and performed well at the opening. The total subscription amount on the first day was approximately RMB 700 million. The portion of the amount that has been subscribed but not signed is being gradually booked as contracted sales amount.
For the first 11 months of 2023, the Group recorded unaudited total contracted sales of approximately RMB 23.826 billion, representing an increase of 117.2% YoY, and the total contracted sales area was approximately 602,372 sq.m., up 51.8% YoY. The average selling price was approximately RMB 39,554 per sq.m. The major contracted sales will be progressively booked as revenue over the next two years.