Xinhua
09 Aug 2020, 18:21 GMT+10
BEIJING, Aug. 9 (Xinhua) -- Gemdale Corp., one of the leading property developers in China, reported robust growth in contract area and value in July.
The contract value of the developer jumped 41.57 percent year on year to 20.94 billion yuan (about 3 billion U.S. dollars), according to a statement filed to the Shanghai Stock Exchange.
The developer's contract area reached 1.07 million square meters last month, representing an increase of 53.38 percent year on year.
During the first seven months of the year, Gemdale posted an 18.93-percent rise in contract area, and a 22.12-percent increase in contract value, according to the statement.
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