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Longfor Group's July contracted sales grow YOY to 20B yuan

Longfor Group Holdings Ltd.'s contracted sales in July increased year over year to 20.00 billion yuan from 17.24 billion yuan.

The unaudited sales figure for the reporting month reflects 1,158,000 square meters of contracted gross floor sales area.

In the seven months ended July 31, the Chinese developer's contracted sales amounted to 125.62 billion yuan, representing 7,666,000 square meters of gross floor area. The figures increased from the prior-year period's 114.34 billion yuan of sales and 7,102,000 square meters of contracted gross floor sales area.

As of Aug. 8, US$1 was equivalent to 7.04 Chinese yuan.