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Longfor Group records 14% YOY climb in 8-month contracted sales

Longfor Group Holdings Ltd. registered 131.66 billion yuan from its contracted sales for the year to Aug. 31, marking a 14.40% year-over-year jump.

The developer logged 8,201,000 square meters of gross floor area in contracted sales for the eight-month period, according to a filing.

For the month of August alone, Longfor recorded 17.32 billion yuan worth of contracted sales, or 1,099,000 square meters of space, edging up from the 17.24 billion yuan and 811,000 square meters attained in July.

As of Sept. 10, US$1 was equivalent to 6.86 yuan.