Longfor Group Posts January Sales, Boosts Land Bank with New Acquisitions

Longfor Group Holdings ( (HK:0960) ) has shared an announcement.

Longfor Group Holdings reported unaudited contracted sales of RMB2.45 billion in January 2026, representing 300,000 square meters of gross floor area, with RMB1.66 billion and 231,000 square meters attributable to its shareholders. The group also generated approximately RMB2.27 billion in aggregated recurring income for the month, split between operating income of about RMB1.25 billion and service income of roughly RMB1.02 billion, underscoring the continuing contribution of non-sales revenue streams.

During January 2026, the company expanded its land bank by acquiring two new plots in Qingdao and Wuxi with a combined gross floor area of 142,947 square meters for RMB865 million on an attributable basis. These acquisitions, including both residential and commercial components, suggest Longfor is selectively reinvesting in tiered city markets to support future development pipelines, though management cautioned that the figures are preliminary and subject to adjustment when audited results are released.

The most recent analyst rating on (HK:0960) stock is a Hold with a HK$10.00 price target. To see the full list of analyst forecasts on Longfor Group Holdings stock, see the HK:0960 Stock Forecast page.

More about Longfor Group Holdings

Longfor Group Holdings Limited is a Hong Kong-listed property developer and operator incorporated in the Cayman Islands, with a core focus on residential and commercial real estate projects in mainland China. The group generates revenue from contracted property sales as well as recurring operating and service income, reflecting a mixed model of development, property operations and related services in key urban markets.

YTD Price Performance: 19.98%

Average Trading Volume: 18,407,755

Technical Sentiment Signal: Hold

Current Market Cap: HK$70.51B

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