Aoyuan Achieves Contracted Sales of Approximately RMB977 Million in January 2014; Up 325% Y-o-Y
Date：2014-02-12
(11 February 2014 - Hong Kong) China Aoyuan Property Group Limited ("Aoyuan" or the "Company", Stock Code: 3883), a leading property developer in Guangdong Province in China, is pleased to announce that the Company achieved contracted sales of approximately RMB977 million with contracted gross floor area (GFA) of approximately 72,800 sq.m., up 325% and 111% year-on-year, respectively, in January 2014. Average selling price increased by 101% year-on-year to RMB13,432 per sq.m.. Commercial properties contributed approximately 80% of the total contracted sales.
Aoyuan recorded remarkable performance in 2013, with total contracted sales exceeding RMB10 billion at RMB10.04 billion – a significant increase of 91% as compared to 2012, and approximately 118% of the full-year sales target which was earlier raised to RMB8.5 billion. In 2014, Aoyuan continues to sustain last year’s rapid growth momentum, establishing a solid foundation for the Company’s development this year.