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China Evergrande records 48B yuan of property sales in February

China Evergrande Group logged 48.14 billion yuan in contracted property sales for February, compared to 31.21 billion yuan recorded in the year-ago period.

The current February figure corresponds to approximately 4.866 million square meters of contracted sales area, with the average selling price standing at 9,894 yuan per square meter.

For the two-month period ending Feb. 28, the diversified real estate developer secured approximately 112.5 billion yuan of contracted sales, representing 11.102 million square meters, or 10,133 yuan per square meter, of sales area.

As of March 5, US$1 was equivalent to 6.35 yuan.