Shenzhen Investment (00604) said the Group recorded total contracted sales of Rmb6.87 billion for the first three months of 2017 and the total contracted sales area was about 258,518 square metres, an increase of 32% and 4.1% year-on-year. The average selling price was about Rmb25,510 per square metre.
The contracted sales for March amounted to about Rmb490 million, representing a decrease of about 91% month-on-month and about 87.2% year-on-year. The contracted sales area was about 65,778 square metres, down about 54.6% month-on-month and about 56.6% year-on-year.
The significant decrease in contracted sales in March was due to the block sale of the office tower and apartment of Tanglang project in February and without new properties being launched in the market in March. Shenzhen Investment believes the contracted sales will grow up again as new properties will be launched progressively from April to June.
13/04/2017 17:06
Shenzhen Invest 1Q contracted sales up 32% to Rmb6.87bn
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