In the evening of July 9, Yuexiu Property Company Limited (stock code: 00123.HK) (“Yuexiu Property”or “the Company”) released its unaudited sales data and new acquired land lots by June 30, 2019. The announcement shows that, the sales amount of Yuexiu Property in the first six monthes reached 36.895 billion yuan, about 32% up on a year-on-year basis, and achieving 54% of the annual target. Yuexiu Property acquired 6 high-quality land lots in June.
It takes only 6 months to accomplish 54% of the annual target, and the sales sees solid growth
In June 2019, the contract sales amount of Yuexiu Property (together with that of joint venture companies) is about 8.03 billion yuan, and the contract sales area is about 394,100 square meters.
From January to June, 2019, the accumulated contract sales amount of Yuexiu Property (together with that of joint venture companies) is about 36.895 billion yuan, about 32% up on a year-on-year basis;the accumulated contract sales area is about 1,640,900 square meters, about 19% up on a year-on-year basis. The accumulative contract sales amount accounts for 54.3% of the annual contract sales amount target of 68 billion yuan.
It acquires six high quality land lots in June, serving as strategic support for the development in greater bay area
As per to the announcement, Yuexiu Property acquired six high quality land lots from Zengcheng District of Guangzhou, Conghua District of Guangzhou, Bao’an District of Shenzhen, Binhu New Town at Lin’an District of Hangzhou, Jinnan New Town at Lin’an District of Hangzhou, and Chengyang District of Qingdao.
Three of above-mentioned land lots are located in Guangzhou and Shenzhen. The acquire of land lot in Shenzhen is the strategic debut in Shenzhen property market, as well as support for Yuexiu Property’s development in Guangdong-Hong Kong-Macao Greater Bay Area. Recently, it has been expanding its business in many hot cities across the country, which is same as the in-depth development in the Greater Bay Area, and the strategic layout in East China, North China, Central China, and attribute to the Company's sound financial condition and low financing cost.
