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Agile Property's 2011 property sales hit RMB 31.52 bln

Jan. 13, 2012 (China Knowledge) - Agile Property Holdings Ltd<3383>, a Hong Kong-listed developer of large-scale residential projects, has announced that its property sales amounted to RMB 31.52 billion last year.

The 2011 sales were less than the RMB 32.3 billion recorded in 2010 and only accounted for 85% of the firm's sales target of RMB 37 billion for 2011.

The Hong Kong-listed developer sold 3.11 million square meters of properties in 2011, 10% more than that in the previous year. Average sales price stood at RMB 10,144 per sq m in 2011.

In the month of December, the developer's contracted sales rebounded to RMB 3.5 billion from RMB 1.8 billion in November.

The firm's sales area was 380,000 sq m last month. Average sales price fell to RMB 8,948 per sq m.

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