Greentown Sales Value CNY 3.67bn in April, Country Garden CNY 9.1bn in Jan-Apr

Source: Company Disclosure, Company Disclosure, ChinaScope Financial (Data)

+       Greentown China reported that 809 units or 220,000 square meters were sold in April, with sales value of CNY 3.67 billion (including CNY 920 million subscription sales value), up 193% year-on-year.

+       Country Garden reported that the contracted sales value was CNY 9.1 billion during the Jan-Apr period, with contracted sales area of 1.47 million square meters. The company’s sales value dropped 13.8% in April.

Greentown (3900.HK) and Country Garden (2007.HK) both posted year-on-year declines in cumulative sales in the first 4 months this year. Greentown cut its average sales price to increase sales volume. By contrast, Sunac (1918.HK) realized dramatic year-on-year sales growth in the first 4 months.

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