Yuexiu Property first-quarter contracted sales dipped 47%

According to unaudited internal data.

In a release to the Singapore Exchange, Yuexiu Property said that in April 2013 its contracted sales value amounted to approximately RMB696 million, representing a year-on-year decrease of 47%. The corresponding contracted sales GFA amounted to approximately 49,400 sq.m., representing a year-on year decrease of 49%.

Aggregate contracted sales value of the Company for the period from January to April 2013 amounted to approximately RMB6,405 million with aggregated contracted sales GFA of approximately 437,200 sq.m., representing year-on-year increases of 45% and 17% respectively.

But if preliminary sales (the formal sales contracts that are expected to be entered into soon) were taken into account, aggregate value of contracted sales and preliminary sales for the period from January to April 2013 increased to approximately RMB7,267 million, and aggregate GFA of contracted sales and preliminary sales increased to approximately 500,200 sq.m.

The company saod the above-mentioned sales data are unaudited and are based on the summary of internal information of the Company, which may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual or semi-annual basis due to various uncertainties during the process of collection and collating of such sales information. "As such, the above data are provided for investors’ reference only," it said.