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The latest announcement is out from Greentown China Holdings ( (HK:3900) ).
Greentown China Holdings reported unaudited operating data for the first quarter of 2026, highlighting sales momentum in both self-investment and project management businesses. The group sold 2,840 units in March with a sales area of about 420,000 square meters and monthly sales of roughly RMB15.1 billion at an average price above RMB36,000 per square meter.
For the first three months of 2026, Greentown recorded contracted sales area of 820,000 square meters totaling about RMB25.6 billion, of which RMB17.7 billion was attributable to the group, alongside additional subscription sales of RMB3.1 billion. Its project management segment contributed sales of roughly RMB13.0 billion on 940,000 square meters, bringing total group sales area to about 1.76 million square meters and total contracted sales to approximately RMB38.6 billion for the quarter.
The figures underscore Greentown’s substantial scale and ongoing demand for its projects despite being preliminary and unaudited, suggesting resilient cash flow generation and continued relevance in China’s challenging property market. However, management cautioned that these numbers may differ from forthcoming financial statements and urged investors to treat the data as indicative rather than definitive when assessing the company’s performance.
The most recent analyst rating on (HK:3900) stock is a Hold with a HK$11.50 price target. To see the full list of analyst forecasts on Greentown China Holdings stock, see the HK:3900 Stock Forecast page.
More about Greentown China Holdings
Greentown China Holdings Limited is a mainland China-based property developer incorporated in the Cayman Islands and listed in Hong Kong. The group focuses on residential real estate projects and project management services, with a significant presence in self-investment developments and third-party project management across multiple Chinese cities.
Average Trading Volume: 13,087,306
Technical Sentiment Signal: Sell
Current Market Cap: HK$22.02B
For a thorough assessment of 3900 stock, go to TipRanks’ Stock Analysis page.