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Sunac China's May contracted sales surge 86% YOY

Sunac China Holdings Ltd. logged an 86% year-over-year increase in its May contracted sales to 38.27 billion yuan, translating to a sold area of approximately 2,530,000 square meters.

For the first five months of 2018, the Chinese diversified real estate developer accumulated 149.13 billion yuan in sales, up 79% from a year earlier. The figure represented approximately 9,150,000 square meters of sold area.

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