May. 3, 2012 (China Knowledge) - Kaisa Group Holdings Ltd<1638>, which principally develops real estate in China's Pearl River Delta, has announced that its contractual sales soared 83% year on year to RMB 1.03 billion in April, driven by robust growth in sales area.
Last month, the Hong Kong-listed
developer saw its contractual sales area grew 135% year on year to 182,000 square meters, with average sales price standing at RMB 5,674 per sq m.
In the first fourth months of this year, the company's contractual sales jumped 111% year on year to RMB 3.7 billion, and its sales area amounted to 625,000 sq m, up 180% year on year. Average sales price fell further to RMB 5,978 per sq m in the period.
In 2012, Kaisa Group aims to sell RMB 16.5 billion of properties, up from RMB 15.3 billion recorded in 2011.