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China Evergrande's August contracted sales grow 18.8% YOY

China Evergrande Group's contracted sales in August increased 18.8% year over year to about 47.82 billion yuan from 40.25 billion yuan in the prior-year period.

The unaudited sales figure for the reporting month reflects a contracted sales area of approximately 4.493 million square meters and an average selling price of 10,644 yuan per square meter, according to a Sept. 3 release.

As of Sept. 3, US$1 was equivalent to 7.18 Chinese yuan.