Evergrande October Sales Total RMB14.26 Billion; Annual Plan
Completion Rate at 91%
BEIJING, Nov. 6, 2012 /PRNewswire/ -- With the continuous
development of macro control policies in China the real estate investment market is
continuing its downward trend. Rigid demands have been greatly
eased and are the topic du jour of investors. Evergrande Real
Estate (3333.HK), which insists on a democratic development
strategy, has been awarded the "double championship" in sales and
selling areas in October, continuing to take the lead in the real
estate market in China. An
original report by Sina Leju follows:
According to a sales presentation published on 6 November by
Evergrande Real Estate, the contractual sales amount achieved by
Evergrande in October accounted for RMB14.26
billion, a 65.6% growth year-on-year in October and 75.6%
growth on a month-on-month basis. This has broken the record of
monthly sales in the history of the Group and has surpassed Vanke
(RMB13.7 billion), ranking first in
China. It has achieved contractual
sales for up to 2.55 million square meters, representing
year-on-year growth of 82.4% and month-on-month growth of 75%,
ranking it first in China for
seven successive months.
This year Evergrande has displayed mastery of market trends with
powerful second quarter sales objectives, constant monthly supplies
of goods and with overall sales maintaining the trend of steady
growth. In both the second and third quarters the Company fulfilled
one third of its annual plan by aiming at the intensively released
rigid markets and prime seasons of sales during "Gold September"
and "Silver October". The Company has controlled its sales rhythm
scientifically and adjusted the number of launch of goods
reasonably, with its high performance-to-price ratio continually
accepted by the market. October's sales performance established a
new monthly sales record, exceeding that of May this year
RMB10.37 billion by 37.5%. October
sales accounted for more than 18% of the whole annual targets.
According to analysts, in the today's macro control environment,
Evergrande's strategic layout and product orientation is tailored
for current markets and policies. It has a great market promotion.
Moreover, it follows the high turnover mode of rapid development
and rapid sales. There are sales of buildings all year round, thus
having ensured the continuous growth of its performance so that
Evergrande has greater advantages in dealing with market regulation
and can meet its annual targets as scheduled.
According to the brief report, in the period between January and
October, Evergrande has achieved a total sales income of up to
RMB72.83 billion accounting for 91%
of the annual target of RMB80
billion. The total sales area was 12.282 million square
meters, ranking first place in China. In October, Evergrande developed as
many as 4 new building projects, with up to 168 projects for sale,
accounting for 77% of the total number of projects in the
Group.
Insiders state that with the continuous easing of market
restrictions, as well as the top quality and ample supply reserves,
Evergrande will be expected to meet its annual sales target of
RMB80 billion one month early and
will beat the target. Once again, the Company has achieved the
commitments made by Hui Ka Yan,
chairman of the Board of Directors, as "All plans made by
Evergrande must be overfulfilled ahead of schedule."
SOURCE Sina Leju
