[ET Net News Agency, 5 January 2018] Shui On Land (00272) said the accumulated
contracted property sales and other assets disposal amounted to Rmb21,366 million for the
year 2017, down 7% year-on-year, comprising residential property sales of Rmb8,676
million, commercial property sales of Rmb1,739 million and other assets disposal of
Rmb10,951 million, respectively.
The Group has achieved the sales target of Rmb21 billion for the year 2017. Contracted
property sales for 2017 amounted to Rmb10,415 million, a decrease of 51.1% year-on-year.
Aggregated gross floor area (GFA) sold for contracted property sales for the year 2017
reached 245,400 square metres with the average selling price of Rmb42,400 per square
metre. In addition, 2,261 units of carpark were sold in the year 2017.
In December 2017, contracted property sales and other assets disposal amounted to
Rmb5,454 million, comprising residential property sales of Rmb1,572 million, commercial
property sales of Rmb13 million and other assets disposal of Rmb3,869 million,
respectively. Total GFA of contracted property sales were 55,100 square metres and 251
units of carpark. The Group's average selling price of the signed contracts respecting
property sales for December 2017 was Rmb28,800 per square metre.
As of 31 December 2017, the Group had recorded a total of Rmb3,811 million of subscribed
sales, of which subscribed other assets disposal was Rmb3,160 million, which is expected
to be subsequently turned into contracted property sales and other assets disposal in the
following months. (HL)