Yahoo Finance China’s Property Firm Yuzhou Reports over US$900M Sales in September
Investing.com - Yuzhou Properties Co Ltd (HK:1628) said in a statement on Monday that its September sales almost tripled year-on-year.
The Hong Kong-listed developer reported sales of $948 million (RMB6.56 billion) in September, compared to $320 million (RMB 2.2 billion) in the same period last year. Accumulated sales in the first 9 months of this year amounted to $4.9 billion (RMB 33.87 billion), up from $4.2 billion (RMB 28.89 billion) in 2017.
Yuzhou sold a total of 333,599 square meter gross floor area last month at an average sale price of $2,843 (RMB19,667) for each square meter.
In the first 9 months of this year, the company’s accumulated gross floor area sales added up to 2,298,036 square meters, with an average selling price per square meter of $2,131 (RMB 13,728).
An additional $149.33 million (RMB1.03 billion) worth of sales was subscribed in September but not contracts had been signed for these sales yet.
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