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China Evergrande sets 2020 contracted sales target at 650B yuan

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China Evergrande sets 2020 contracted sales target at 650B yuan

China Evergrande Group set its contracted sales target for 2020 at 650.00 billion yuan, representing growth of 8.1% from its 2019 actual contracted sales of 601.06 billion yuan.

In a Jan. 2 release, the company also said the contracted sales area for 2019 was about 58.5 million square meters, with the average contracted selling price of properties at 10,281 yuan per square meter.

In 2018, the company, one of China's three largest property developers by sales, reported contracted sales of 551.34 billion yuan.

As of Jan. 2, US$1 was equivalent to 6.96 Chinese yuan.