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Longfor Group logs 28.5% YOY increase in 2018 contracted sales

Longfor Group Holdings Ltd. registered a total of 200.64 billion Chinese yuan in contracted sales for the 2018 full year, up 28.5% year over year from 156.08 billion yuan.

The sales figure represents 12,363,000 square meters of gross floor area.

For December 2018, the real estate developer logged 18.47 billion yuan of contracted sales, which translate to 1,053,000 square meters of properties sold.

As of Jan. 9, US$1 was equivalent to 6.81 Chinese yuan.