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Agile's property sales down 3.6% M-O-M in Apr

May. 11, 2012 (China Knowledge) - Agile Property Holdings Ltd<3383>, a Hong Kong-listed developer of large-scale residential projects, said yesterday that its contractual sales were RMB 2.12 billion in April this year, down 3.6% from RMB 2.2 billion in the previous month.

The developer also saw decrease in sales area, which stood at 233,000 square meters last month. Average sales price fell further to RMB 9,090 per sq m in April.

In the first four months of this year, the company's contractual sales amounted to 8.51 billion, and its sales area was 756,000 sq meters, with average sales price at RMB 11,256 per sq m in the period. No comparable figures were given by the company.

Deputy General Manager Wei Jingxin said that the company, with plans to launch ten more projects this year, is confident of achieving its sales target of 3.1 million sq m of properties this year.

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