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Evergrande's Sales Volume Reaching 56.21 Billion Yuan, Makes a New Record in History with Its Synchronous Rise on Production and Price

2014-06-06 22:31

BEIJING, June 6, 2014 /PRNewswire/ -- The briefing of Evergrande Group's achievements in May released on June 6th indicates that its sales volume in May has surpassed ten billion with a considerable amount up to 11.82 billion and becomes one of the few large real estate enterprises that grow against the trend across the country with an immense year-on-year growth of 28.3% against the trend. An original report by Sina Leju follows:

In May, Evergrande has realized a sales area of 1.866 million square kilometers and continues to rank at the first place with a year-on-year growth of 45.1%.

In addition, the contract sales amount volume of Evergrande has amounted to 56.21 billion Yuan with a year-on-year growth of 64.4% from January to May of this year, making a new record at the same period in history. Its target completion ranks at the first place across the country and it is the only large real estate enterprise that has produced over half of the annual sales volume from January to May.

Meanwhile, from January to May this year, it has realized a contract sales area of 8.226 million square kilometers with a year-on-year growth of 57.5%, making a new record at the same period in history. The average sales rate of Evergrande is 6,833 Yuan per square kilometer with a year-on-year growth of 4.4% from January to May.

Industry analysts point out that Evergrande has realized a sales volume of 56.21 billion Yuan in the first five months in 2014 with a target completion surpassing 50%, which reflects that the "following the market trend" sales strategy of Evergrande keeps generating power and that its products meets the current needs with a high performance-cost ratio and a synchronous rise on production and price. There has always been has a tradition of "hotness after coldness" for a long in the mainland real estate market and the realization of Evergrande's annual target reaching 110 billion is very promising.

Source: Sina Leju

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