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Longfor Properties posts RMB 3.04-bln sales for Apr

May. 9, 2012 (China Knowledge) - Longfor Properties Co Ltd<0960>, Chongqing's Hong Kong-listed property developer, announced yesterday that its contractual sales in April this year were steady at RMB 3.04 billion compared with the same month of last year.

The sales last month were down 5.59% from RMB 3.22 billion recorded in March.

In the first four months of this year, the developer's contractual sales totaled RMB 9.57 billion, down 25.87% from RMB 12.91 billion in the corresponding period of 2011 and accounting for only 24.5% of the firm's sales target of RMB 39 billion for this year.

In 2011, Longfor Properties saw its contractual sales reached RMB 38.27 billion, reflecting a year-on-year increase of 14.8% but RMB 1.8 billion less than its annual target of RMB 40 billion for last year, according to an earlier report from China Knowledge.

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