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Evergrande Real Estate's property sales up 850.8% in Nov

Dec. 5, 2012 (China Knowledge) - Evergrande Real Estate Group Ltd<3333>, a large Chinese property developer, has announced its property sales were RMB 11.79 billion in November this year, up 850.8% YoY or down 17.3275.6% MoM.

The company's sales area skyrocketed 1100.6% YoY but decreased 22.31% MoM last month to 1.98 million sq m. Average sales price stood at RMB 5,955 per sq m in November, up 6.53% from a month earlier.

In the first eleven month of this year, the developer's sales amounted to RMB 84.63 billion, accounting for 105.8% of its sales target of RMB 80 billion for this year.

Meanwhile, sales area totaled 14.26 million sq m in the eleven-month period with average sales price stood at RMB 5,933 per sq m.

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