LINE

Text:AAAPrint
Economy

China Evergrande property sales up 34.2 pct

1
2018-01-05 16:39Xinhua Editor: Li Yan ECNS App Download

China Evergrande Group, one of China's largest developers, said that its contracted property sales rose 34.2 percent to 500.96 billion yuan (about 77 billion U.S. dollars) in 2017.

Total floor area of property sold last year stood at 50.3 million square meters, up 19.2 percent from 2016, the company said in an unaudited report.

The average price of contracted sales was 9,960 yuan per square meter, up 12.6 percent from 2016, the report said.

The company set its target for contracted sales in 2018 at 550 billion yuan, up about 10 percent year on year.

The strong growth came amid slowing growth in the country's overall property sales area, which increased by 7.9 percent year on year in the first 11 months of 2017, down from 24.3 percent for the same period of 2016.

Last year, the housing market cooled as local governments toughened measures to rein in property speculation, especially in major cities.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.