Agile pre-sales grow by over half in January

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Guangzhou-based property developer, Agile Group Holdings Ltd saw pre-sales for its residential projects in the mainland surge by 58.8 per cent year-on-year for the first month of the year, reaching a total of RMB4.62 billion (MOP5.4 billion/US$670 million).
The company’s latest operating figure updates on the Hong Kong Stock Exchange show that its total gross floor area pre-sold throughout the month amounted to 359,000 square metres, with an average selling price of RMB12,893 per square metre, an increase of 34 per cent from RMB9,614 per square metre one year ago.
The group is popular among local and Hong Kong investors for their residential projects on the mainland. Its major rival in the segment catering to the SARs, is Country Garden Holdings Company Ltd.
According to a filing by Country Garden last week, its contracted sales reached RMB48.6 billion for the same month, surging by 289 per cent year-on-year, and involving gross floor area of some 5.49 million square metres, an expansion of nearly 250 per cent year-on-year.
The company noted in the filing that some RMB35.3 billion of the contracted sales for the month would be attributable to owners of the company, a figure that is 294 per cent higher than the RMB8.95 billion for the same month last year.