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Sunac China logs 173% YOY hike in January contracted sales to 22.18B yuan

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Sunac China logs 173% YOY hike in January contracted sales to 22.18B yuan

Sunac China Holdings Ltd., along with its subsidiaries and affiliates, recorded a 173% year-over-year surge in contracted sales for the month of January to 22.18 billion yuan.

The unaudited contracted sales figure translates to sales area of approximately 1,383,000 square meters and an estimated average selling price of 16,040 yuan per square meter.

During the reporting month, the Chinese developer also saw 169% year-on-year growth in subscription value to 22.35 billion yuan. As of Jan. 31, the group's aggregate subscription value was recorded at 2.67 billion yuan, according to a filing.

As of Feb. 5, US$1 was equivalent to 6.29 yuan.