2 months ago
Stock Market

China South City Records 29% YoY Increase in Contracted Sales For Apr-Dec Period

Investing.com - Hong Kong-listed China South City Holdings Ltd (HK:1668) recorded contracted sales of HK$10.8 billion for the first three

Investing.com - Hong Kong-listed China South City Holdings Ltd (HK:1668) recorded contracted sales of HK$10.8 billion for the first three quarters of the 2018/19 period (1 April to 31 December 2018), representing a year-on-year increase of 29.1%.

The gross floor area was approximately 1,132,500 sq.m., while the average selling price was HK$9,500/sq. m., the company said in a statement on Tuesday.

In the third quarter alone, the company recorded contracted sales of HK$4.0 billion that represented a 37.1% increase compared to last year.

China South City is a Shenzhen-based integrated logistics and trade centre operator. It manages logistics operations and a wholesale shopping centre in the city.

The company’s shares gained 0.9% at HK$1.15 by 1:10 AM ET (06:10 GMT).