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Sunac China's contractual sales up 84% in H1

Jul. 4, 2012 (China Knowledge) - Sunac China Holdings Ltd<1918>, an integrated residential and commercial property developer in China, has announced that its contractual sales surged 84% YoY to RMB 12.52 billion in the first half of this year.

So far, the company has fulfilled 56.9% of its sales target of RMB 22 billion for 2012.
The company said in a statement filed with the Hong Kong Stock Exchange that its contractual sales area totaled 762,000 square meters in the first six months, with average sales price at RMB 16,400 per sq m.

In the month of June, the developer's contractual sales were RMB 3.27 billion, up 112% from the same period of 2011.

Late last month, the developer spent RMB 3.37 billion buying 50% stakes in nine development projects from Greentown China Holdings Ltd<3900> as part of its effort to set a foothold in Shanghai.

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