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Evergrande Real Estate's property sales up 33.3% in May

Jun. 12, 2012 (China Knowledge) – Evergrande Real Estate Group Ltd<3333>, a large Chinese property developer, announced that its contractual sales reached a monthly record of RMB 10.37 billion last month, reflecting a YoY increase of 33.3%.

In May, the property developer's contractual sales area surged 52.4% YoY to 1.73 million square meters with an average contractual sales price of RMB 6,009.

From January to May this year, Evergrande saw its contractual sales totaled RMB 26.82 billion, decreased 20.5% YoY, and its contractual sales area for the first five month period declined 9.3% than a year earlier to 4.41 million sq m.

Last month, the property developer launched 6 property projects and aims to open 6 to 8 new projects in Jun 2012, sources reported.

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