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Central China Real Estate's sales surge 58% in Oct

Nov. 7, 2012 (China Knowledge) - Central China Real Estate Ltd<0832>, a property firm based in Henan Province, has said that its sales surged 57.9% YoY to RMB 804 million in October, sources reported.

Last month, the property developer's sales area was 112,700 square meters, 47% more than in the same period of last year. Average sales price stood at RMB 7,140 per sq m in October, up 7.4% YoY.

During the first ten months of this year, the company's sales increased 14.9% YoY to RMB 8.6 billion, accounting for 95.8% of the firm's sales target of RMB 9 billion for this the whole year.

Meanwhile the sales area for the ten-month period reached 1.3 million sq m, up 5.6% from a year ago. Average sales price for the period rose 8.8% YoY to 6,628.

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