The Sales Amount of Evergrande has Increased over the Same Period of the Previous Year and over the Previous Statistics Period, Taking the Lead in the Real Estate Market of China

BEIJING, May 13, 2011 /PRNewswire-Asia/ -- Even when facing the downturn of the market environment and the continual macroscopic regulation and control, Evergrande Real Estate (3333.HK) continues the increase trend in sales. On May 11, Evergrande Real Estate announced the sales performance of Apr. in Hong Kong. The sales amount of the month reached 6.15 billion yuan and the sales area reached 875,000 square meters, achieving the powerful trend of increase both over the same period of the previous year and over the previous statistics period; in addition, the accumulated contractual sales amount of January to April of Evergrande was 25.95 billion yuan, which was second only to Vanke; the contractual sales area was 3.731 million square meters, ranking No. 1 in China.  

The performance announcement indicates that the sales amount of Evergrande in April was 6.15 billion yuan, increasing by 64.5% compared with that of the same period of 2010, which was 3.74 billion yuan, and increasing by 11.5% compared with that of March, which was 5.52 billion yuan; the contractual sales area was 875,000 square meters, increasing by 51.3% compared with that of the same period of 2010, which was 578,000 square meters, and increasing by 14.4% compared with that of March, which as 764,000 square meters. From January to April 2011, the sales amount of Evergrande Real Estate totaled 25.95 billion yuan, increasing by 113.9% compared with that of the same period of 2010, which was 12.13 billion yuan; the accumulated contractual sales area was 3.731 million square meters, increasing by 97.1% compared with that of the same period of 2010, which was 1.893 million square meters. Until the end of April, Evergrande had realized 37% of the annual sales target of 70 billion yuan of the Group.

In contrast, the performance of most mainland real estate enterprises listed in Hong Kong was not so good. Except that the sales amount of Zhonghai Real Estate in April was over 6 billion yuan, the contractual sales amounts of other real estate enterprises were basically between 2 billion to 3 billion yuan, and those of some enterprises were even lower than 2 billion yuan. In comparison of the sales area, Evergrande was undoubtedly the No. 1 winner, with the sales area of 875,000 square meters, over 400,000 square meters more than that of the No. 2 enterprise. A relevant market personage thus said that the market position of Evergrande had undoubtedly been solidified again as its performance in the sale amount and sales area of the first four months were much better than those of other mainland real estate enterprises listed in Hong Kong.

The personage continued to say that under the rigorous macroscopic regulation and control on the real estate market of the whole country, with the advance strategic arrangement, the super high product quality, the super powerful cost control ability, and the mature management mode, Evergrande Real Estate had not only become the winner as for the performance of April, achieved the powerful trend of increase both over the same period of the previous year and over the previous statistics period, solidified its position as one of the leaders in the real estate market of China, but also guaranteed its realization of the sales target of 70 billion yuan of 2011.

SOURCE Sina Leju

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