SINO-OCEAN GP (03377) has disclosed a significant downturn in its August sales performance, with contracted sales for the month plunging by more than half compared to the same period last year.

According to the company's announcement, the Group, together with its joint ventures and associates, recorded contracted sales of approximately RMB 750 million for August 2026, marking a year-on-year decline of 55.88%. The contracted sales floor area came in at around 58,700 square meters, with an average selling price of approximately RMB 12,800 per square meter.

For the eight-month period spanning January 1 to August 31, 2026, the Group's cumulative contracted sales amounted to roughly RMB 9.74 billion, reflecting a 40.75% decrease year-over-year. The accumulated contracted sales floor area reached approximately 796,200 square meters, with an average selling price of about RMB 12,200 per square meter.

Turning to the agency construction projects, the Group, together with its joint ventures and associates, generated contracted sales of about RMB 260 million in August 2026. This segment recorded a contracted sales floor area of roughly 25,400 square meters, achieving an average selling price of approximately RMB 10,200 per square meter.

On a cumulative basis from January 1 to August 31, 2026, the agency construction projects' total contracted sales value stood at around RMB 2.01 billion, with a combined contracted sales floor area of approximately 169,900 square meters and an average selling price of about RMB 11,800 per square meter.