trending Market Intelligence /marketintelligence/en/news-insights/trending/wpr-x_wuyn87wkcawafefg2 content esgSubNav
In This List

Sunac China logs 24% YOY increase in September contracted sales

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise


Sunac China logs 24% YOY increase in September contracted sales

Sunac China Holdings Ltd. recorded a 24% year-over-year climb in its September contracted sales to 53.35 billion yuan from 43.04 billion yuan, also translating into an uptick from the 40.32 billion yuan in contracted sales it reached in August.

The Tianjin, China-based property developer logged a contracted sold area of roughly 3,532,000 square meters at an average contracted selling price of about 15,110 yuan per square meter, according to a release. The company also reached a subscription value of 54.73 billion yuan for the reporting month, marking a 24% increase from the year-ago period.

In the year to Sept. 30, Sunac clinched a contracted sales value of 319.07 billion yuan, as well as a 55% year-over-year jump in its total sales amount to 321.98 billion yuan. The developer registered a total sold area of about 20,845,000 square meters for the nine-month period, which reflected an average selling price of approximately 15,450 yuan per square meter.

As of Oct. 5, US$1 was equivalent to 6.87 yuan.