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Evergrande Real Estate's property sales up 33.1% in Apr

May. 8, 2012 (China Knowledge) - Evergrande Real Estate Group Ltd<3333>, a large Chinese property developer, announced yesterday that its contractual sales rose 33.1% year on year or 103.5% month on month to RMB 8.19 billion in April this year.

The developer sold 1.38 million square meters of properties last month, 57.8% more than in the same month of 2011 or 126.4% more than in March.

The company saw its average sales price fall to RMB 5,931 per sq m in April.

In the first four months of this year, the company's contractual sales amounted to RMB 16.45 billion. Sales area totaled 2.68 million sq m in the period, with average sales price standing at RMB 6,140 per sq m.
Chairman Xu Jiayin said earlier that the company is confident of achieving its sales target of RMB 80 billion for this year.

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