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Aoyuan Achieves 137% of 2017 Full-year Target
with Contracted Sales of RMB45.6 Billion
Contracted Sales Reaches RMB11.2 Billion in December; Up 230% y-o-y
 Date:2018-01-02

 

(2 January 2018 - 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 RMB45.59 billion in 2017 with a y-o-y increase of approximately 78%, and achieved approximately 137% of its full-year target. The average selling price was RMB10,158 per sq.m..
                                                                           
In December 2017, Aoyuan achieved contracted sales totaling approximately RMB11.20 billion with contracted gross floor area (GFA) sold amounting to approximately 1,113,000 sq.m., representing a y-o-y increase of approximately 230% and 172%, respectively. The average selling price was RMB10,060 per sq.m..
 
Aoyuan management commented, "In 2017, Aoyuan has taken a leap forward in business development with record-high full-year contracted sales, and a breakthrough of achieving more than RMB10 billion sales in the single month of December. Aoyuan has gained high recognition from credit rating agencies and capital markets, which can also be reflected by the excellent performance of both Company’s stocks and bonds. Aoyuan’s credit rating got upgraded by all three major international rating agencies, namely Moody’s, S&P and Fitch. The Company’s stock has also been included as a constituent stock of Hang Seng Stock Connect Hong Kong Index. In addition, Aoyuan successfully issued two series of USD senior notes totaling USD500 million and both were oversubscribed for more than 10 times. Among which, the USD senior notes issued in September also recorded the Company’s historical low coupon rate at 5.375%. Looking forward, Aoyuan will continue to grow rapidly while creating higher investment value and delivering fruitful returns to shareholders.”