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Aoyuan Achieves Contracted Sales of RMB88.62 Billion for the First Ten Months; Up 31% Y-o-Y


(4 November 2019 - Hong Kong) China Aoyuan Group Limited (“Aoyuan” or the “Company”; Stock Code: 3883) is pleased to announce that the Company achieved contracted sales totaling approximately RMB88.62 billion, with contracted gross floor area (GFA) sold amounting to approximately 8,797,000 sq.m., for the first ten months of 2019, representing y-o-y increases of 31% and 37%, respectively. The average selling price was RMB10,073 per sq.m..


In October 2019, Aoyuan achieved contracted sales totaling approximately RMB10.03 billion, with contracted GFA sold amounting to approximately 1,005,000 sq.m., representing y-o-y increases of 55% and 57%, respectively.


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About Aoyuan

China Aoyuan Group Limited (“Aoyuan” or the “Company”) is listed on the Main Board of The Stock Exchange of Hong Kong Limited, under the stock code 3883. It is a member of MSCI China Index, Hang Seng Composite LargeCap & MidCap Index, Hang Seng Stock Connect Hong Kong Index and Hang Seng Stock Connect Big Bay Area Composite Index. Aoyuan is named among “Forbes Asia’s Fab 50 2018” and “Fortune China Top 50 Board of Directors 2019”, as well as being included in “Fortune China 500” for three consecutive years since 2017. Aoyuan is a renowned property developer and a pioneer of composite real estate in China. Based in Guangdong with a focus on Guangdong-Hong Kong-Macao Greater Bay Area, Aoyuan has a strategic layout in South China, core regions of Central and Western China, East China and the Bohai Rim. As of 30 June 2019, the total GFA of its land bank was approximately 40.12 million sq.m. across 75 onshore and offshore cities. Leveraging on outstanding development and operation management and sound financial position, Aoyuan has maintained a growth rate higher than the industry average over the years, with a CAGR of 89% from 2016 to 2018. Aoyuan will continue to strengthen its strategy of “one core business with vertical development” to build a healthy lifestyle ecosystem.