HONG KONG, Oct. 9, 2014 /PRNewswire/ -- Modern Land (China) Co., Limited ("Modern Land" or the "Company", together with its subsidiaries, the "Group", stock code: 1107), a leading real estate developer in the architectural energy-saving field in the PRC, announced its unaudited operating statistics for the nine months ended 30 September 2014.
For the nine months ended 30 September 2014, contracted sales of the Group amounted to approximately RMB5,050 million, of which, contracted sales of properties amounted to approximately RMB4,955 million, whereas contracted sales of car parking spaces amounted to approximately RMB95 million. Gross floor area ("GFA") sold for properties was approximately 523,522 square metres ("sq.m."), with an average selling price of approximately RMB9,465 per sq.m..
In September 2014, contracted sales of the Group amounted to approximately RMB939 million, of which, contracted sales of properties amounted to approximately RMB934 million, whereas contracted sales of car parking spaces amounted to approximately RMB5 million. GFA sold for properties was approximately 101,722 sq.m., with an average selling price of approximately RMB9,182 per sq.m..
Mr. Zhang Lei, Chairman and Executive Director of the Group said, "The Group delivered a fast and sound business growth for the nine months ended 30 September 2014 and is confident of achieving the full-year contracted sales target for 2014. As the Group explored diversified cooperation methods since its listing, we already signed strategic cooperation agreements with an internet company, financial institution and new energy automobile company. Meanwhile, the Group still adheres to the product philosophy of 'green, comfortable, energy-saving and full life cycle' and strengthens internal control, expands domestic and overseas financing channels, and increases the marketing capability. We will continue our development in the sub-market of green real estate, strive for great economic return for shareholders, and take up more responsibility in the sustainable development of the society."
About Modern Land (China) Co., Limited
Established in 2000 in Beijing, Modern Land is a leading real estate developer of environmental and energy-saving properties, and concentrates on developing energy-efficient and comfortable living environment with property development projects in Beijing, Taiyuan, Changsha, Nanchang, Wuhan, Hefei, Suizhong, Jiujiang and Xianta. The Group possesses strong capabilities in R&D while integrating advanced energy-saving technologies. Through its "MOMA" energy-saving system, the Group is able to integrate various sustainable development techniques in terms of comfortable and sustainable property development and provide comprehensive systematic solutions. The Group has three product lines: Wan Guo Cheng ΜΟΜA, Shang Pin Ge ΜΟΜA and Man Ting Chun ΜΟΜA, all equipped with and will continue to adopt the applications of the Group's core technology system.
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