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Sunac China records 21% YOY growth in July contracted sales

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Sunac China records 21% YOY growth in July contracted sales

Sunac China Holdings Ltd.'s contracted sales in July rose 21% to roughly 41.15 billion yuan from the 33.87 billion yuan it logged in the prior-year period.

The unaudited sales figure for the reporting month corresponds to approximately 2,778,000 square meters of contracted sales area and an average selling price of about 14,810 yuan per square meter, according to a filing.

Year-to-July, the Chinese developer's aggregate contracted sales grew 13% annually to about 255.31 billion yuan, reflecting approximately 17,498,000 square meters of contracted sales area and contracted average selling price of roughly 14,590 yuan per square meter.

As of Aug. 5, US$1 was equivalent to 7.05 yuan.