Nov. 2, 2012 (China Knowledge) - Guangzhou R&F Properties Co Ltd<2777
>, a real estate developer based in Guangzhou
Province, has said its contractual sales surge 101% YoY or 85% MoM to RMB 4.12 billion in October this year.
The developer sold 453,100 square meters of properties last month, 172% more than in the same month of last year.
In the first ten months of this year, the company's contractual sales amounted to RMB 26.45 billion, up 13% YoY. Sales area jumped 51% to 2.37 million sq m in the period.
The company earlier said that its operation revenue for the first half of this year plunge 23% YoY to RMB 8.44 billion, while its net profit for the six-month period decreased 35% YoY to RMB 1.3 billion.