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Longfor Properties' sales up 35.5% in Jun

Jul. 6, 2012 (China Knowledge) - Longfor Properties Co Ltd<0960>, Chongqing's Hong Kong-listed property developer, announced yesterday that its contractual sales surged 35.5% MoM in June to RMB 4.54 billion.

Of the total sales, 51.7% was contributed from West China, 25.1% from the Bohai Economic Rim and 23.2% from the Yangtze River Delta.

Last month the property sales in Chongqing surpassed 2,000 units and generated RMB 1.26 billion in contract sales, leading its total sales to RMB 5.7 billion in the first half of this year.

From January to June 2012, the property developer's contractual sales amounted to RMB 17.46 billion, accounted for 44.77% of its annual target of RMB 39 billion.

The company says it will continue to launch new projects in several cities including Chongqing, Xi'an, Shenyang and Beijing in the second half of 2012.

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