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China Evergrande registers YOY increase in May sales

China Evergrande Group sold about 3.852 million square meters of properties in May with an aggregate sales amount of roughly 41.83 billion yuan, up from the 38.19 billion yuan it recorded a year earlier.

For the five-month period ended May 31, the Chinese diversified property developer contracted a total of 254.09 billion yuan in sales, representing about 24.317 million square meters of contracted sales area for an average selling price of 10,449 yuan per square meter.

As of June 5, US$1 was equivalent to 6.41 Chinese yuan.