EN CN

NEWS REPORT

Country Garden Achieved Contracted Sales of RMB17.8 billion for the First Five Months of 2011--A year-on-year growth of approximately 52%

2011.06.28
SHARE

 

(2 June 2011 – Hong Kong) Country Garden Holdings Company Limited ("Country Garden" or the "Group", SEHK stock code: 2007), one of the leading integrated property developers in China, announces that for the first five months in 2011, the Group achieved contracted sales of approximately RMB17.8 billion and contracted GFA of approximately 2.81 million sq. m., representing a year-on-year growth of approximately 52% and 31% respectively. Moreover, as at 31 May 2011, the Group has approximately RMB3.3 billion transaction amount pending on final contact signing.


In May 2011, the Group achieved contracted sales of approximately RMB5.9 billion, a new record high of its contacted sales on single-month basis, and posting a year-on-year growth of approximately 164%. Contracted GFA was approximately 0.94 million sq. m., representing a year-on-year growth of approximately 104%. The Group launched three new projects in May, namely Country Garden – Springs City in Qingyuan City, Fengkai Country Garden in Zhaoqing City (both in Guangdong Province) and Country Garden – Phoenix City (Jurong) in Zhenjiang City, Jiangsu Province. The three projects recorded an aggregate transaction amount of over RMB2.3 billion during the month.