With the Sales Volume of 10.37 Billion Yuan in May, It Is Optimistic for Evergrande to Achieve the Full-year Target of 80 Billion Yuan

BEIJING, June 11, 2012 /PRNewswire-Asia/ -- The Chinese real estate market had indications of overall economic rebound in May, and many Chinese real estate enterprises achieved rapid growth in sales performance. Evergrande, always adhering to the sales strategy of fluctuating in line with market conditions, achieved the sales volume of 10.37 billion yuan in May, creating the highest single-month sales record in their history. An original report from Sina Leju follows:

According to the sales report released by Evergrande on June 11, in May, Evergrande achieved the contracted sales volume of 10.37 billion yuan (RMB, the same below), with an increase of 33.3% on a year-on-year basis, and with an increase of 26.6% on a month-on-month basis; it achieved the contracted sales area of 1.725 million square meters, with an increase of 52.4% on a year-on-year basis, and with an increase of 25.0% on a month-on-month basis. Since April, Evergrande has achieved the increase on a year-on-year and month-on-month basis for two consecutive months, with the sales area outshining that of Vanke (which was 1.025 million square meters), Poly (which was 916,500.00 square meters) and China Overseas (which was 755,000.00 square meters), continuing to rank No.1 in term of sales area.

Since March this year, the sales performance of Evergrande has started at the expected growth, slow at first and rapid afterwards. According to the data, in the first 5 months this year, Evergrande achieved the accumulated sales volume of 26.82 billion yuan, where the sales volume in April and May amounted to 18.56 billion yuan, accounting for nearly 70% of the total sales volume in the first 5 months, and the single-month sales volume in May accounted for 125.5% of the total sales volume in the first quarter. According to the market analysts, under the continuous effect of the macro-control environment, Evergrande, with the strategic layout and product orientation conforming to the market and policies, large in the amount of launched properties, has been adhering to the high-turnover mode of rapid development and rapid sales, with marketable buildings all the year round to guarantee the sustainable growth of sales performance, enabling Evergrande to have greater advantages in dealing with the market adjustment and completing the annual target as planned.

According to the report, Evergrande newly opened 6 projects in May, with the accumulated number of projects on sale up to 149, and planned to newly open 6~8 projects in June. The projects of Evergrande soon to be opened also include a super-large-scale project – the project of Qidong Offshore Venice. It is reported that the sales revenue of this project has previously not been included in the sales target of Evergrande this year, and the sales status of this project is also optimistic in the industry.

In the view of the industry, along with the increasingly stable macro-control policies, Evergrande has been launching the properties steadily. On the basis of monthly sales volume of 10 billion yuan, in the remaining 7 months, Evergrande should have no pressure to complete the annual sales target of 80 billion yuan ahead of schedule.

SOURCE Sina Leju

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