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Longfor Group's February contracted sales fall YOY to 9.98B yuan

Longfor Group Holdings Ltd.'s contracted sales decreased to 9.98 billion yuan in February from the roughly 13.25 billion yuan it recorded in the prior-year period.

The unaudited sales figure for the reporting month reflected gross floor sales area of 671,000 square meters, according to a filing.

Year-to-February, the Hong Kong-listed developer's contracted sales also declined on an annual basis to 24.92 billion yuan from 29.27 billion yuan, while its two-month contracted gross floor sales area fell year over year to 1,629,000 square meters from 1,924,000 square meters.

As of March 8, US$1 was equivalent to 6.72 yuan.