Seazen Group may contracted sales 1.39B yuan

Seazen Group Limited reported contracted sales of approximately RMB 0.991 billion for the month of April 2026, according to the company’s latest sales update. This figure represents the contracted sales area of approximately 139,900 square meters. For the year to date, as of April 2026, the Group recorded aggregated contracted sales of RMB 4.007 billion, covering a total sales area of approximately 666,400 square meters.

The company’s performance has drawn attention from credit rating agencies. Fitch Ratings recently placed Seazen Group on Rating Watch Negative, indicating potential downward pressure on their credit ratings. This action reflects ongoing concerns about the company’s financial stability amid broader challenges in the real estate sector.

Investors are advised to monitor further developments, particularly the company’s ability to maintain liquidity and meet its financial obligations in the coming months.