Central China Real Estate achieved record high contracted sales of RMB20.1 bln in 2016, up 28% yoy

Central China-Real-Estate

Central China Real Estate Limited , the Henan-based property developer,  announced that for the twelve months ended 31 December 2016, the Group has achieved total property contracted sales of RMB20.1 billion, representing a y-o-y increase of 28.0% and overachieved the annual contracted sales target of RMB18 billion.

Achieved a total contracted sales gross floor area (“GFA”) of 2,764,294 sq.m., representing a y-o-y increase of 1.2%. The average selling price (“ASP”) for the twelve months ended 31 December 2016 amounted to RMB7,288 /sq.m., representing a y-o-y increase of 26.4% due to product mix change.

In the month of December 2016, the Group achieved property contracted sales of RMB1,935 million, representing a m-o-m increase of 6.5%, and a y-o-y decrease of 39.7%. With a contracted sales GFA of 348,740 sq.m., representing a m-o-m increase of 17.3% and a y-o-y decrease of 15.9%. The ASP for December amounted to RMB5,549, representing a m-o-m decrease of 9.2% and a y-o-y decrease of 28.3% due to increase in proportion of sales from county level and tier 3 and 4 cities in December.

Source: Central China Real Estate

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