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China Overseas Land & Investment, a state-owned property developer, said that its contracted property sales reached about 34.03 billion yuan, surging 67.1% in April from a year earlier, and the gross floor area sold reached about 1.2436 million square meters, rising by 38.6% from a year earlier.
In the first four months of the year, the developer’s contracted sales reached about 117.63 billion yuan and the floor area sold reached about 5.507 million square meters, surging by 71.4% and 61.8%, respectively, from the same period last year.
Meanwhile, embattled property developer Sunac China said that its contracted sales reached about 8.06 billion yuan in April, sliding 40.6% from a year earlier, and floor area sold reached about 578,000 square meter, with the average selling price at 13,940 yuan per sq.m..
In the first four months of the year, Sunac’s contracted sales reached about 37.33 billion yuan, slumping 56.6% from a year earlier, and floor area sod reached about 2.81 million square meters, with the average selling price of about 13,270 yuan per square meters.