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Country Garden's contractual sales up 97.92% in Jul

Aug. 13, 2012 (China Knowledge) - Country Garden Holdings Co Ltd<2007>, which is principally engaged in property businesses in Guangzhou and Foshan of Guangdong Province, has announced that its contractual sales reached RMB 4.75 billion in July this year, up 97.92% from RMB 2.4 billion in the same month of last year.

The sales last month were more than the RMB 4.5 billion recorded in June.

In the first seven months of this year, the developer's contractual sales amounted to RMB 22.09 billion, 7.57% less than in the corresponding period of last year.

The company sold 3.62 million square meters of properties in the first seven months, reflecting a decline of 5.73% YoY.

The company said last month it is confident of achieving its sales target of RMB 43 billion for this year as it plans to launch more projects in the second half.

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