Gemdale Properties Reports August Contract Sales Of RMB 425 Million

Gemdale Properties (00535) said its contract sales in August totaled about RMB 425 million, down 30% from a year earlier, with contract sales area of about 34,700 square metres and an average selling price of about RMB 12,200 per square metre, according to ETNet. From January to August, cumulative contract sales totaled about RMB 4.408 billion, down 42% year on year, while cumulative sales area reached about 354,600 square metres.