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Agile Property pre-sales down 22 pct Y-O-Y in February 03/11/15

Guangzhou-based property developer Agile Property Holdings Ltd. gained 2.46 billion yuan from pre-selling its residential projects in Mainland China in February this year, according to its latest unaudited operating figures filed with the Hong Kong Stock Exchange on Monday evening after trading hours.

The pre-sales value of 2.46-billion yuan that the Chinese company generated last month represents a drop of 21.7 per cent year-on-year, compared to its pre-sales values in February 2014.

According to the filing, the developer pre-sold gross floor area occupying 219,000 square metres last month, which was pre-sold at 11,211 yuan per square metre.
Meanwhile, for the first two months of the year, the accumulated pre-sales value of the company reached 4.67 billion yuan, which is a fall of some 17.4 per cent year-on-year. The accumulated gross floor area that was pre-sold in the two months amounted to 464,000 square metres, costing some 10,045 yuan per square metre.

Last year, Agile Property missed its pre-sales target. Total pre-sales value of the company was 44.16 billion yuan, some 3.84 billion less than its expected total presales of 48 billion yuan.

Agile Property, whose residential projects are primarily in Mainland China, is popular with local and Hong Kong investors.

Source http://macaubusinessdaily.com/Property/Agile-Property-pre-sales-down-22-pct-Y-O-Y-in%C2%A0February

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