Agile rakes in RMB6.4 bln from pre-sales in February

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Guangzhou-based property developer Agile Group Holdings Ltd. gained some RMB6.41 billion (MOP7.4 billion/US$925 million) from the pre-sales of its property projects in the Mainland for the second month of the year, which surged 86 per cent year-on-year.
According to a company filing with Hong Kong Stock Exchange on Monday, it pre-sold total gross floor area of 508,000 square metres for the month, up by half from the 337,000 square metres pre-sold one year ago.
In addition, the average selling price per square metre jumped to RMB12,610 compared to RMB10,251 for the same month in 2016, an increase of 23 per cent.
Agile Property’s residential projects, which are primarily located in Mainland China, are popular among buyers from Macau and Hong Kong.
For the first two months of the year, the developer’s pre-sale values totalled RMB11.03 billion, soaring 73.2 per cent year-on-year, while total pre-sold gross floor area reached 640,000 square metres, with average selling prices at RMB9,949 per square metre.