SEHK:960Real Estate
Is Longfor (SEHK:960) Quietly Rewriting Its Balance Sheet Story With Steady Sales And De-Stocking?
In May 2026, Longfor Group Holdings reported unaudited contracted sales of RMB3.32 billion for the month and RMB13.67 billion for the first five months, alongside RMB11.14 billion of aggregated revenue from property operation and services and the acquisition of a new 76,985 sqm land plot for RMB374 million.
Morgan Stanley highlighted Longfor Group’s proactive de-stocking approach and improving mall rental performance as key elements in its ongoing balance sheet risk reduction efforts.
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