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China Evergrande's August contracted sales up YOY to 40.25B yuan

China Evergrande Group's contracted sales in August increased to roughly 40.25 billion yuan from the estimated 33.43 billion yuan it logged in the prior-year period.

The unaudited contracted sales figure for the reporting month represents contracted sales area of approximately 3.820 million square meters and average contracted selling price of 10,538 yuan per square meter.

Year-to-August, the Chinese property developer accumulated contracted sales of about 385.09 billion yuan, which translates to an estimated 36.639 million square meters of contracted sales area and 10,510 yuan per square meter of average contracted sale price.

As of Sept. 3, US$1 was equivalent to 6.82 yuan.