Jun. 4, 2012 (China Knowledge) - Guangzhou
R&F Properties Co Ltd<2777
>, a real estate developer based in Guangzhou
Province, has posted RMB 2.34 billion-sale revenue for last month, reflecting a YoY increase of 15%, sources reported.
Of the total sales, RMB 644 million was contributed by sales in the firm's headquarters Guangzhou
, RMB 506 million in Beijing
and RMB 418 million in Tianjin
Sales area for May grew by 3% from a year earlier to around 195,800 square meters.
In the first five months of 2012, the Hong Kong-listed
firm's sales revenue totaled about RMB 11.87 billion, up 9% YoY, and its sales area increased by 35% from a year earlier to 947,900 sq m.
Last month, the real estate developer acquired three pieces of land in Langfang
Province in an auction for a combined consideration of RMB 176 million. On the three sites, totaling 15.69 hectares in land area, residential properties will be built.