Hengda October sales up 56%
A number of domestic housing announced its sales performance in October. Evergrande (03333) announced that its contracted sales in October amounted to 56.3 billion yuan (RMB), up 55.83% over the previous year. The contracted sales area was approximately 5.62 million cubic meters 37.91%; contract sales price of about 10,000 yuan per square meter.
Minmetals Real Estate signed three quarters cut half
In the first 10 months of this year, the accumulated contract sales of Evergrande Property amounted to approximately 422.34 billion yuan, up 33.35% over the previous year. The accumulated contracted sales area was 42.472 million square meters, up 9.92% over the previous year with an average selling price of 9944 yuan per square meter.
In addition, Minmetals Real Estate (00230) announced that contracted sales in the first 9 months of this year was about 4.8 billion yuan, down 52.62% year-on-year. The contracted sales area was approximately 211.6 thousand square meters, down 57.42% on a year-on-year basis. During the period, 2,462 contracted sales units were sold, with an average selling price of about 22,500 yuan per square meter.
The company noted that the contracted sales lagged behind the year-on-year basis mainly due to the extension of the approval period of the pre-sale permit for the real estate development project located in Nanjing, but the company was confident of completing the full-year target of contracting sales of RMB8 billion by the end of the year.
R & F sales last month rose nearly Liu Cheng
R & F Properties (02777) announced that the total contracted sales in the first 10 months of this year was 66.1 billion yuan, up 25.18% over the previous year. In October alone, the total contracted sales amounted to 6.71 billion yuan, up 56.41% over the previous year.