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China Resources Land logs 49% YOY increase in November sales

China Resources Land Ltd. logged a 49% year-over-year increase in contracted sales for the month ended Nov. 30 to approximately 12.08 billion yuan.

The amount translates to 632,524 square meters of sales area, up 5% from the 601,600 square meters of area sold in the same period in 2016.

For the first 11 months of 2017, the company clinched 124.7 billion yuan of accumulated contracted sales after selling 7,984,199 square meters of gross floor area, up 26% and 22%, respectively, from the year ago-period.

As of Dec. 8, US$1 was equivalent to 6.62 Chinese yuan.