Country Garden hits RMB87.26 bln in sales

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Property developer Country Garden Holdings Ltd. achieved a total of RMB87.26 billion (MOP100.7 billion) in contracted sales for the first two months of the year, according to the group’s filing with the Hong Kong Stock Exchange.
The company operates primarily in the real estate market on the Mainland, attracting a number of buyers from the SARs interested in property in neighbouring Guangdong and beyond.
The group’s results reveal that the gross floor area contracted in sales during the first two months of the year reached 9.99 million square metres, of which that directly attributable to the company was 7.45 million metres, for a total value of RMB63.81.
The results come after the group’s announcement regarding its January results, in which it noted that it had achieved a sales value of RMB48.6 billion, including that of subsidiaries, reaching a total gross floor area of 5.49 million square metres. Of this, that attributable to owners of the company amounted to RMB35.3 billion, with a total floor area of 4.06 million square metres.