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Logan Property's August contracted sales rise 50.9% YOY

The contracted sales of Logan Property Holdings Co. Ltd., its subsidiaries, associates and joint ventures amounted to about 8.02 billion yuan in August, up 50.9% year over year.

The unaudited amount reflects a contracted gross floor sales area of approximately 605,000 square meters and a unit price of roughly 12,928 yuan.

For the eight months ended Aug. 30, the Chinese property group's contracted sales grew 27.5% year over year to about 62.64 billion yuan, while its contracted gross floor sales area for the period amounted to approximately 4,649,000 square meters.

As of Sept. 9, US$1 was equivalent to 7.12 Chinese yuan.