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New World beats FY'19 contracted sales target for Hong Kong, China

New World Development Co. Ltd. surpassed its respective contracted sales target in Hong Kong and mainland China for the fiscal year ended June 30.

In Hong Kong, the property company's attributable contracted sales reached approximately HK$10.5 billion, while in mainland China, the developer's overall contracted sales amounted to 19.8 billion yuan. New World's sales target for the fiscal year in Hong Kong was HK$10 billion, while in the mainland its sales goal was 16 billion yuan.

The company also noted in a news release that it will gradually launch in the future the multi-phase sale of over 3,000 units at its Tai Wai Station residential development and its Shenzhen Prince Bay project, which features approximately 110,000 square meters of salable area.

As of Aug. 12, US$1 was equivalent to 7.06 yuan.