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China Brands

Property giant Evergrande sees rising sales in February

March 09, 2020


Abstract : China Evergrande Group, one of the leading developers in China, reported surging sales last month, the company said in a statement.

BEIJING, March 7 (Xinhua) -- China Evergrande Group, one of the leading developers in China, reported surging sales last month, the company said in a statement.

The contracted sales in February totaled about 44.73 billion yuan (about 6.5 billion U.S. dollars), up 107.8 percent year on year, according to the company.

The contracted sales in terms of floor area rose 153.8 percent to 5.14 million square meters in February.

As the outbreak of the novel coronavirus hit the property sector, Evergrande has developed an app called Hengfangtong, providing one-stop services from showcasing houses through virtual reality (VR) technology to signing contracts. It has listed all its properties on the app for sale since Feb. 13.

The practice will promote strong sales in the future, said the company.

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Keyword: company Evergrande

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