Feb. 6, 2012 (China Knowledge) - Guangzhou
R&F Property Co Ltd<2777
>, a real estate developer headquartered in Guangzhou
Province, has posted RMB 1.23 billion-contracted sales revenue for January 2012, reflecting a year-on-year drop of 57%.
The revenue for January also plummeted 59% from a month earlier.
Last month, the Hong Kong-listed
firm's contracted sales area sharply declined 47% from a year earlier or 63% from a month earlier to 87,800 square meters.
Contracted sales from the company's headquarters in Guangzhou
contributed RMB 616 million in January this year, followed by Beijing
RMB 153 million and Tianjin
RMB 170 million.
Sales in Xi'an amounted to RMB 60 million, Taiyuan
RMB 35 million, Shenyang
RMB 2 million, Huizhou
RMB 1 million, Hainan
Province RMB 53 million, Chongqing
RMB 90 million, Chengdu
RMB 7 million, Nanjing
RMB 12 million and Shanghai
RMB 26 million. Guangzhou
R&F Property has submitted an application to list on the Shanghai Stock Exchange
, according to China Securities Regulatory Commission