Dec 16 - Real Estate Companies Reveal Strong Sales Numbers in 2011

Source: City Express, ChinaScope Financial (Data)

+  Poly Real Estate Group Co., Ltd. (SSE: 600048) made sales revenues of RMB 67.6 billion from January to November, surpassing the annual target of RMB 51.5 billion.

+  China Vanke Co., Ltd. (SZSE: 000002) reported the highest sales among the real estate companies with a cumulative sales revenue of RMB 115.72 billion from January to November, more than that of the whole year of 2010. In addition, other real estate companies such as Evergrande Real Estate Group Ltd. (HKEX: 3333), China Overseas Property Group Co., Ltd. Country Garden Holdings Co., Ltd. (HKEX: 2007), and Longfor Properties Co., Ltd. (HKEX: 0960) all made good sales in the past eleven months.

+  Related Data: Operating Data of Related Companies

+  Related Companies: Vanke (SZSE: 000002), Poly (SSE: 600048), Evergrande (HKEX: 3333), R&F (HKEX: 2777), China Overseas Land & Investment (HKEX: 0688), Country Garden(HKEX: 2007)

Most enterprises that have achieved their sales targets posted a drop in sales in November, with the exception of R&F (2777.HK)

The cost of the dramatic increase in sales volume is a slump in the average sales price, as shown by the data of sales price of R&F (2777.HK).

Growth in sales of most companies slumped in the second half of this year as a result of the macro-control policy, with Evergrande (3333.HK) being the exception.

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• Real Estate Companies Reveal Strong Sales Numbers in 2011
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