With Sale Amount of RMB 13.89 Billion and Sale Area of 2.02 Million sqm, Evergrande Achieved a Record High in History

May 06, 2014, 08:21 ET from Sina Leju

BEIJING, May 6, 2014 /PRNewswire/ -- Following the excellent performance achieved in the first quarter, the April performance data of Evergrande Real Estate published on May 5 is also splendid. An original report by Sina Leju follows:

According to the announcement, in April, Evergrande achieved a new high of sale this year, with a sale amount of RMB 13.89 billion, up 92.1% yoy, and a sale area of 2.02 million sqm, up 84.1% yoy.

According to statistics, Evergrande Group has achieved an accumulated sale amount of RMB 44.39 billion from January to April, up 77.7% yoy and finishing 40.4% of the full-year target; and an accumulated sale area of 6.36 million sqm from January to April, both of which were a record high in the history.

It's learned that in 2014 the sale target of Evergrande Real Estate is RMB 110 billion, increasing about 10.0% from 2013. It's predicted that there are more than 50 projects to be opened for sale in 2014, which are mainly distributed in the cities and surrounding areas such as Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Chongqing, Jinan, Nanjing, Hefei, Hangzhou, and Ningbo.

Xia Haijun, the president of Evergrande Real Estate, announced on the performance conference of 2013 that this year Evergrande can achieve a sale area of more than 35 million sqm and viewed by the current sale status of Evergrande Real Estate, "RMB 110 billion will be out of question."

Viewed from the point that an excellent sale performance has been achieved in January-April when the market was relatively weak, it will be without any pressure for Evergrande Group to achieve its full-year target of 2014. It has proved once again that the real estate development mode of Evergrande based on the people's livelihood has truly complied with the direction of market and policy, which not only brings preference to the housing buyers, but also consolidates the strength and status of Evergrande Group within the industry.

SOURCE Sina Leju