Shimao Group posts RMB4.52 billion in contracted sales for Q1 2026

Bulletin Express
Apr 07

Shimao Group Holdings Limited reported unaudited contracted sales of RMB4.52 billion for the three months ended 31 March 2026, generated from a total contracted gross floor area of 373,425 sq.m. The average selling price (ASP) during the period was RMB12,112 per sq.m., reflecting the Group’s pricing strategy amid continuing volatility in China’s property market.

In March 2026 alone, Shimao Group recorded contracted sales of RMB1.71 billion on 142,921 sq.m. of contracted area, implying a monthly ASP of RMB11,978 per sq.m.

The disclosed figures are management accounts that have not been audited; final numbers may differ when the Group releases its formal half-year or full-year financial statements. Investors are advised to interpret the data with caution given potential revisions during the audit process.

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