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Sunac China's property sales up 74% in Jan-Nov

Dec. 6, 2012 (China Knowledge) - Sunac China Holdings Ltd<1918>, an integrated residential and commercial property developer in China, has announced that its property sales surged 74% YoY to RMB 30.58 billion in the first eleven months of this year.

The company said in a statement filed with the Hong Kong Stock Exchange that its sales area totaled 1.68 million square meters in the first eleven months, with average sales price at RMB 18,200 per sq m.

In the month of November, the developer's property sales were RMB 4.08 billion, and sales area was 186,000 sq m with average sales price at RMB 22,000 per sq m.

In the first half of this year, Sunac China realized RMB 527 million in net profit attributable to shareholders, up 65% from a year earlier.

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