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Country Garden logs YOY increase in 9-month sales update

Country Garden Holdings Co. Ltd., along with its subsidiaries, joint ventures and associates, recorded contracted sales at roughly 428.17 billion yuan in the nine months ended Sept. 30, up from the 225.57 billion yuan logged in the same period in 2016.

The preliminary nine-month figure released by the group for 2017 reflected an accumulated sales area of approximately 47.15 million square meters.

Of the contracted sales reported, the company said 300.36 billion yuan is attributable to the owners of the company, translating to attributable gross floor sales area of 34.48 million square meters.

As of Oct. 12, US$1 was equivalent to 6.59 Chinese yuan.