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00272 SHUI ON LAND
RTNominal unchange0.570 0.000 (0.000%)
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14/10/2019 17:11

Shui On Land (00272) Sep contracted property sales down 34%

[ET Net News Agency, 14 October 2019] Shui On Land Limited (00272) said in September
2019, contracted property sales amounted to RMB516 million (representing a year-on-year
decrease of 33.68%), comprising residential property sales of RMB512 million and
commercial property sales of RMB4 million, respectively. The total gross floor area (GFA)
of contracted property sales were 21,900 square metres (sq.m.) and 272 units of carpark.
The average selling price of the signed contracts respecting property sales was RMB23,800
per sq.m.
Accumulated contracted property sales amounted to RMB4,812 million for the first nine
months of 2019, comprising residential property sales of RMB4,572 million and commercial
property sales of RMB240 million, respectively. Aggregated GFA sold for contracted
property sales reached 245,500 sq.m. with the average selling price of RMB19,600 per sq.m.
In addition, 715 units of carpark were sold in the first nine months of 2019.
As of 30 September 2019, the group had recorded a total of RMB1,689 million of
subscribed sales, which is expected to be subsequently turned into contracted property
sales in the following months. (RC)

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