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Contracted Sales for the First Nine Months Amounted to RMB5.65 Billion

Thursday, October 3, 2013 9:19 AM


Contracted Sales for the First Nine Months Amounted to RMB5.65 Billion

Already Surpassed the 2012 Full Year Contracted Sales

HONG KONG, Oct. 3, 2013 /PRNewswire/ -- China Aoyuan Property Group Limited ("Aoyuan" or the "Company", together with its subsidiaries the "Group"; Stock Code: 3883), one of the renowned property developers in China, is pleased to announce the contracted sales for September 2013.

For the first nine months ended 30 September 2013, Aoyuan achieved total contracted sales of approximately RMB5.65 billion, up 65.6% YoY, and achieved 75.3% of the full year sales target RMB7.5 billion, and already outperformed last year's full year contracted sales RMB5.25 billion; the total contracted gross floor area (GFA) sold was approximately 644,200 sq. m., up 17.3% YoY. Average selling price for the period was approximately RMB8,800 per sq. m., up 41.2% YoY. Commercial properties contributed to approximately 38.1% of total sales for the first nine months.

In September 2013, Aoyuan achieved total contracted sales of approximately RMB778 million, up by 14.4% YoY, and the total contracted GFA sold was approximately 82,200 sq. m. The average selling price in September reached approximately RMB9,600 per sq. m.

Corporate Profile

China Aoyuan Property Group Limited, listed on the Main Board of The Stock Exchange of Hong Kong under the stock code 3883, is renowned property developers in China. Its projects are mainly located in provinces of Guangdong, Chongqing, Shenyang, Hunan, Jiangsu, Guangxi, and Jiangxi, etc. The size of Aoyuan's land bank was 10.55 million sq. m. in GFA as of 30 June 2013. Aoyuan has been implementing a product strategy of "developing commercial and residential properties in parallel" and a development strategy of "rapid development and rapid sales". With a solid financial position and excellent project development and operation management capabilities, Aoyuan has entered into a phase of rapid development in 2013.

Disclaimer: Due to the uncertainty incurred in the calculation of the sales figures, discrepancy may exist between the information disclosed above and the periodic reports. Therefore, investors can only treat the disclosed information as periodical references.

SOURCE China Aoyuan Property Group Limited

(Source: PR Newswire )
(Source: Quotemedia)

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