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Longfor Properties logs 13.25B yuan in February contracted sales

Beijing-based developer Longfor Properties Co. Ltd. recorded contracted sales in February of about 13.25 billion Chinese yuan, reflecting gross floor sales area of 769,000 square meters.

In the year to Feb. 28, the diversified property developer accumulated contracted sales of 29.27 billion yuan, 20% higher than a year earlier. The unaudited two-month 2018 figure translates to aggregated contracted sales area of 1,924,000 square meters.

As of March 9, US$1 was equivalent to 6.33 Chinese yuan.