Shenzhen OCT reports mixed H1 performance

Shenzhen Overseas Chinese Town reported a 29% month-over-month decline in June contract sales value to RMB 1.45 billion, with sales area down 23% to 92,000 square meters.

However, first-half accumulated contract sales area rose 4% to 607,000 square meters, despite a 3% decrease in total value to RMB 9.49 billion.

Tourism visitors increased 4% in the first half to 37.71 million, though June saw a 9% decline to 5.52 million due to increased rainfall.