Aoyuan Achieves Contracted Sales of Approximately RMB7.39 Billion for the First Nine Months of 2014; Up 31% Y-o-Y
Date：2014-10-09
(9 October 2014 - 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 unaudited contracted sales totaling approximately RMB7.39 billion, with contracted gross floor area (GFA) amounting to approximately 800,800 sq.m., representing y-o-y increases of approximately 31% and 24%, respectively, for the first nine months of 2014. Average selling price increased by approximately 5% y-o-y to RMB9,225 per sq.m.. Commercial properties contributed approximately 51% of the total contracted sales.
In September 2014, Aoyuan recorded contracted sales of approximately RMB878 million, with contracted GFA of approximately 113,100 sq.m., up approximately 12% and 37% y-o-y, respectively.
Aoyuan management commented, "The Company recorded better than expected sales in multiple projects during the National Day Golden Week, benefitting from the launch of positive property policies. As at 7 October 2014, the aggregated subscribed sales exceeded RMB800 million. We will step up efforts in the fourth quarter to achieve satisfactory annual sales performance."