“Sales are Up!” says Xu
China’s Evergrande Real Estate became the third of the country’s major developers to declare 2013 sales in excess of RMB 100 billion this week, when the Hong Kong-listed company announced revenues of RMB 100.4 billion. The company, which last month announced plans for setting up joint venture hospitals in China with America’s Harvard University, is among China’s top five property developers, and its founder, Xu Jiayin, is among China’s wealthiest entrepreneurs. Hong Kong’s Standard reported that,
Contracted sales at Evergrande Real Estate (3333) last year reached 100.4 billion yuan (HK$128.7 billion), up 8.8 percent from 2012 and surpassing its target by 400 million yuan.
Earlier, China’s largest developer, Vanke earlier had declared sales of RMB 170.9 billion for 2013, and Country Garden Real Estate had announced sales for the year of RMB 106 billion.
Leave a Reply