China Aoyuan YTD Contracted Sales Exceed RMB1 Billion
Time:2010-06-02
Hong Kong, 2 June 2010 – China Aoyuan Property Group Limited (China Aoyuan" or "the Group", SEHK Stock Code: 3883), a leading property developer in China, is pleased to announce that a number of projects recorded excellent sales, one of the outstanding projects is "Chang’an Ave." The Group’s contract sales have surpassed RMB1.09 billion for the first five months in 2010, representing an increase of 3% compared with last year"s corresponding period. The total gross floor area (GFA) contracted sales amounted to approximately 94,000 sq.m., and the average selling price rose sharply up 169% to approximately RMB11,600 per sq.m.
Mr. Guo Zi Wen, Chairman and CEO of China Aoyuan, said, "The encouraging sales underscores our customers’ strong recognition and confidence on the quality of the Group’s projects. We are optimistic about the sales on the coming months. In addition to the strong sales of ‘Chang’an Ave’, ‘Aoyuan Plaza’ and ‘Zhongshan Aoyuan Plaza’ will be launched in second half of this year. The dual strategy is expected to deliver stable income to the Group in long run. With the healthy financial position, China Aoyuan will further improve its brand image and management capability to consolidate its leadership position in the real estate market in China."
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