Sino-Ocean April sales rise to 11b yuan

Tuesday, May 14, 2019

Property developer Sino-Ocean Group Holding (3377) reported today contracted sales for April climbed by 49 percent year-on-year to 11.2 billion yuan, with gross floor area sold of about 516,700 square meters, up by 30 percent, at 21,700 yuan per sq m.

From January to April, the group's accumulated contracted sales grew by 41 percent from the same period last year to 33.27 billion yuan, with gross floor area sold of about 1.5 million sq m, increased by 26 percent, at 22,200 yuan per sq m.

Shares of Sino-Ocean slid by 3.33 percent, or 11 HK cents, to HK$3.19 at break.