Longfor Group's 2026 First-Seven-Month Contracted Sales Fall 54.55% to RMB 18.64 Billion
Longfor Group announced that for the first seven months of 2026, its cumulative total contracted sales amounted to RMB 18.64 billion, a year-on-year decrease of 54.55%. Contracted sales area reached 1.989 million square meters, down 35.46% from the same period last year.
For July alone, total contracted sales were RMB 2.09 billion, a year-on-year decline of 65.17%. Contracted sales area was 239,000 square meters, down 48.93%. Contracted sales attributable to the company's shareholders stood at RMB 1.39 billion, corresponding to a sales area of 168,000 square meters.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is negative for Residential Development, with intensity 60/100 and 90% confidence over a short term horizon.
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