BRIEF: Greentown sales rise in May
Property developer Greentown China Holdings Ltd. (3900.HK) on Thursday reported its sales totaled 18.6 billion yuan ($2.59 billion) in May, up 14% year-over-year and up by an even stronger 60% from April.
The gross floor area for its May sales totaled about 420,000 square meters, down 14% year-over-year. The average selling price per square meter rose 34% to 44,102 yuan, compared with 32,766 yuan a year earlier.
For the first five months of this year, Greentown recorded aggregated contracted sales of approximately 65.4 billion yuan. The amount attributable to the company fell 7% year-on-year to about 44.4 billion yuan.
Shares of Greentown opened up 0.1% at HK$9.3 on Friday. The stock is down over 30% from its 52-week high.
By Lau Chi Hang
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