(2 November 2016 - Hong Kong) China Aoyuan Property Group Limited (“Aoyuan” or the “Company”, Stock Code: 3883), a renowned property developer in China, is pleased to announce that the Company achieved contracted sales totaling approximately RMB19.32 billion in the first ten months of 2016, representing a y-o-y increase of approximately 73%. The Company has completed 115% of its full-year target. The contracted gross floor area (GFA) sold reached approximately 2,216,000 sq.m., representing a y-o-y increase of approximately 55%, with an average selling price of RMB8,720 per sq.m..

 

In October, the Company’s contracted sales recorded approximately RMB2.50 billion, with contracted GFA sold amounting to approximately 310,000 sq.m., representing increases of approximately 66% and 56% y-o-y, respectively.