Seazen Holdings' (SHA:601155) contracted sales amount in March dropped nearly 50% to 2.13 billion yuan, according to a Shanghai Stock Exchange disclosure on Friday.

The contract sales area in the same month also fell 52% to 271,500 square meters.

For the first quarter, the contracted sales amount slipped 57% year on year to 5.10 billion yuan, while the contracted sales area dropped 60% to 657,700 square meters.

Moreover, the Chinese property developer's rental income in the first quarter of the year rose to 3.22 billion yuan from 2.84 billion yuan in the previous year, the disclosure said.

The company's shares fell 2% in recent trade.