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Evergrande Hit New Record High with Sales of 24.8 Billion Yuan in June

2015-07-07 00:05 2626

HONG KONG, July 7, 2015 /PRNewswire/ -- On July 6, Evergrande Real Estate (HK.3333), a target stock of Shanghai-Hong Kong Stock Connect, revealed its June sales performance: single-month sales reaches 24.75 billion yuan, which ranks first among Hong Kong-listed mainland property companies, with a year-on-year increase of 88.8%, and a month-on-month increase of 48.2%. An original report from Sina Leju follows.

According to statistics, this is the first time that Evergrande's monthly sales have exceeded 20 billion yuan. Evergrande hit a record high once again in terms of single-month sales after doing so in May. With 4 consecutive "10-billion months" and 1 "20-billion month", Evergrande has realized a half-year sales of 87.11 billion yuan, with a year-on-year increase of 82.3%, which ranks first in the country; it has fulfilled 58.1% of its 150-billion target, with a target fulfillment rate that ranks first in China, and fulfilled its promise of completing half of the task within half of the time frame.

Furthermore, the total area sold by Evergrande in June is 2,862,000 square meters, which has hit a record high in terms of single-month area sold, with a year-on-year increase of 82.3%, and a month-on-month increase of 21%. Evergrande ranks first in China in terms of both total sales volume and growth rate. The cumulative area sold in the past six months is 11,378,000 square meters, making Evergrande the first property company in China to realize a sales volume of more than 10 million square meters.

Relevant data shows that due to improvements in product quality, gardening and supporting facilities, Evergrande was able to realize a price increase in addition to the increase in sales volume in June, based on its idea of "small profits and quick returns". The single-month average price is 8645 yuan/square meter, with a year-on-year increase of 3.6%; the half-year average price is 7656 yuan/square meter, with a year-on-year increase of 8.2%. Insiders believe that Evergrande will overfulfill its annual target ahead of schedule, with the overall positive trend in the market and the launch of new properties in the second half of the year.

Source: Sina Leju
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