Domestic
Gemdale sales volume up 86% in seven months
(Xinhua)
Updated: 2009-08-10 15:54
China's Gemdale Group, a leading property developer, announced Saturday its sales volume had surged 86.22 percent year-on-year in the first seven month of 2009 to 11.05 billion yuan ($1.62 billion).
For July alone, the Shenzhen-based developer sold a total amount of 193,400 sq m of homes, up 156.5 percent year-on-year, with the aggregate sales volume reaching 2.48 billion yuan, up 157.2 percent year-on-year.
The Shanghai-listed firm's shares had fallen 5.24 percent to 16.81 yuan a share Friday before the release of the report.
