Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Latest News
 Search News  Or
Shimao Property's sales soar 128% MOM in Feb

Mar. 7, 2012 (China Knowledge) - Shimao Property Holdings Ltd<0813>, a Shanghai-based property developer founded by Chinese billionaire Xu Rongmao, saw its sales increase 70.9% from a year earlier or jumping 128% month on month to RMB 2.01 billion in February.

Contracted sales area for last month totaled 205,263 square meters, up 97% year on year, sources reported.

The average price was RMB 10,089 per sq m in February, less than RMB 18,064 per sq m in January. Because most of the firm's property sales were in China's second and third-tier cities, said analysts.

The Hong Kong-listed real estate developer did not launch any new property project last month with properties sales in existing properties mainly in Nanjing, Kunming and Jinjiang.

In Hangzhou, a joint project Shimao Property developed with China Overseas Land & Investment Ltd<0688> is expected to cut prices for better sales performance in China's sluggish property market, said a person familiar with the matter, adding that more small-sized apartments would be sold in the promotion.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved