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Kaisa Group's property sales down 5% in Oct

Nov. 7, 2012 (China Knowledge) - Kaisa Group Holdings Ltd<1638>, which principally develops real estate in China's Pearl River Delta, has announced its property sales fell 5% YoY or grew 11% MoM to RMB 1.8 billion in October this year.

Last month, the Hong Kong-listed developer saw its sales area fall 13% YoY but increased 1% MoM to 258,800 square meters, with average sales price standing at RMB 6,979 per sq m.

In the first ten months of this year, the company's property sales rose 5% YoY to RMB 12.8 billion.

Meanwhile, its sales area amounted to 2.08 million sq m in the ten-month period, up 9% from a year earlier. Average sales price for the period standing at RMB 6,153 per sq m.

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