Central China Management Faces Contracted GFA Decline

Central China Management Company Limited (HK:9982) has released an update.

Central China Management Company Limited reported a significant decrease in newly contracted gross floor area (GFA) by 71.2% for the first eight months of 2024 compared to the same period in 2023, with a total of 17 new projects. There was also a notable decline in contracted sales, which dropped by 46.4%, and a decrease in the average selling price per square meter by 4.6%. Despite the downturn, the company still managed an aggregate GFA of over 31 million square meters across 262 projects.

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