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Shimao Property's December contracted sales rise 54% YOY

Shimao Property Holdings Ltd.'s contracted sales in December 2019 jumped 54% year over year to 32.33 billion yuan from 21.02 billion yuan.

The property company's contracted sales area during the month also rose 45% to 1,877,958 square meters from 1,298,770 square meters in the prior-year period. Its average selling price in December reached 17,216 yuan per square meter.

For the year ended Dec. 31, 2019, Shimao Property's contracted sales grew 48% year over year to 260.07 billion yuan following the sale of 14,656,242 square meters of properties at an average selling price of 17,744 yuan per square meter.

As of Jan. 6, US$1 was equivalent to 6.98 yuan.