Southern Metropolis Daily 2010-8-10 Zhan Qiyue

Yesterday, Evergrande Real Estate released the sales presentations of July. According to the presentations, the contracted sales exceeded 5 billion yuan for the first time, namely, 5.08 billion yuan, setting another single-month record since 2010 of Evergrande Real Estate; from January to July, Evergrande achieved the total contracted sales of 26.06 billion yuan, having fulfilled 65.2% of the adjusted sales target of 40 billion yuan, and becoming a leading real estate enterprise with the highest fulfillment rate in terms of sales in China. The contracted sales area in July was 861, 000 square meters, while the total contracted sales area from January to July was 4,200,000 square meters, ranking No. 1 in China.

According to the presentations, Evergrande achieved the contracted sales of 5.08 billion yuan in July, increasing by 172.4% compared with that in the same period in 2009 which was 1.87 billion yuan; compared with that of 4.8 billion yuan in June, the contracted sales in July had a growth of 5.9% month on month setting another single-month sales record since 2010; From January to July 2010, Evergrande achieved the total contracted sales of 26.06 billion yuan, increasing by 115.3% compared with that in the same period in 2009 which was 12.1 billion yuan, and fulfilling 72.3% of the full-year sales target of 36 billion yuan planned at the beginning of the year. Even based on the full-year sales target of 40 billion yuan adjusted in July, Evergrande fulfilled 65.2% of the adjusted target, exceeding that of Vanke which fulfilled 56.6% of the annual sales target from January to July (from January to July, the sales revenue of Vanke was 45.21 billion yuan with the sales target of 80 billion yuan). Therefore, Evergrande became a leading real estate enterprise with the highest fulfillment rate in terms of sales in China.