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Country Garden's property sales up 24.2% MoM in May

Jun. 7, 2012 (China Knowledge) - Country Garden Holdings Co Ltd<2007>, which is principally engaged in property businesses in Guangzhou and Foshan of Guangdong Province, saw its contractual sales reach RMB 3.74 billion in May this year, reflecting a growth of 24.2% from the previous months.

Last month, the company sold 650,000 square meters of properties, said the developer in a statement.

In the first five months of this year, the company's contractual sales amounted to RMB 12.84 billion, down 28% from the same period of last year.

The company's contractual sales area fell 25% YoY to 2.12 million sq m from January to May.

In 2011, Country Garden recorded RMB 43.2 billion in contractual sales, 31% more than that in 2010.

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