Seazen Holdings (SHA:601155) reported a 58.7% decline in contracted sales to 2.50 billion yuan in August from the prior year, with contract sales area likewise falling 62.4% to 301,300 meters.
For the first eight months of the year, the property developer's contracted sales declined 45.8% year over year to about 29.54 billion yuan, according to a Sept. 6 filing with the Shanghai bourse. Cumulative contracted sales area fell 40.3% to about 4.0 million square meters.
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