Sino-Ocean expects contracted sales to rise 55pc

Business | 11 Jan 2019 6:29 pm

Sino-Ocean Group Holding (3377) expected the contracted sales for 2018 to rise 55 percent to 109.51 billion yuan (HK$ 127.42 billion).

Accumulated contracted sales GFA for the year amounted to 5.17 million square meters, representing a year-on-year increase of 39 percent, on the average selling price of 21,200 yuan per sqm – a year-on-year increase of 12 percent.

For December 2018, contracted sales amounted to 16.72 billion yuan, representing a year-on-year increase of 110 percent.

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