[ET Net News Agency, 7 May 2018] Shui On Land (00272) said contracted property sales
amounted to Rmb416 million in April, a decrease of 56.3% from a year earlier, comprising
residential property sales of Rmb403 million and commercial property sales of Rmb13
million, respectively.
Total gross floor area (GFA) of contracted property sales were 10,800 square metres and
17 units of carpark last month. The Group's average selling price of the signed contracts
respecting property sales for April was Rmb42,100 per square metre.
For the first four months of 2018, accumulated contracted property sales amounted to
Rmb2,054 million, an increase of 6% from the same period last year. Aggregated GFA sold
for contracted property sales reached 89,500 square metres, up 32% year-on-year, with the
average selling price of Rmb23,000 per square metre. In addition, 71 units of carpark were
sold in the first four months of 2018.
As of 30 April 2018, the Group had recorded a total of Rmb9,352 million of subscribed
sales, of which subscribed other assets disposal was Rmb3,160 million, up 68%
year-on-year, which is expected to be subsequently turned into contracted property sales
and other assets disposal in the following months. The substantial increase of the
subscribed sales was mainly due to the launch of pre-sales of Shanghai Taipingqiao
Lakeville Luxe in April. (HL)