| | | | | | New 25E-27E forecasts | | | Old 25E-27E forecasts | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Primary market | | 2023 | 2024 | 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | | GFA sold | (mn sam) | 1.118 | 974 | 894 | 845 | 848 | 938 | 848 | 937 | | | YOY (%) | -9% | -13% | -8% | -6% | 0% | -4% | -2% | 2% | | | vs prior GSe | | | -5% | -8% | -9% | | | | | Property sales | (Rmb tn) | 11.7 | 9.7 | 8.4 | 7.7 | 7.8 | 8.9 | 8.5 | 8.7 | | | YOY (%) | -6% | -17% | -13% | -8% | ...