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Longfor Properties' sales down 12.8% in Oct

Nov. 8, 2012 (China Knowledge) - Longfor Properties Co Ltd<0960>, Chongqing's Hong Kong-listed property developer, has said its property sales plunge 12.79% YoY in October to RMB 3.82 billion.

The figure last month was lower than RMB 4.01 billion it realized in September 2012.

From January to October 2012, the property developer's sales amounted to RMB 31.94 billion, less than RMB 32.63 billion it realized in the first ten months of 2011.

Meanwhile, China Vanke Co Ltd<000002><200002> and Poly Real Estate Group Co Ltd<600048>, two major property developer in China, saw their property sales rose 32.5% and 42.09% YoY to RMB 13.75 billion and RMB 7.7 billion in October, respectively.

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