Agile property pre-sales surge 37 pct in H1

Mainland Chinese developer Agile Property Holdings Ltd.
generated 28.5 billion yuan (MOP34.1 billion/US$4.3 billion) from the pre-sales of its property projects in the Mainland for the first six months of the year, up 36.7 per cent compared to some 20.8 billion yuan one year ago.
According to its filing with the Hong Kong Stock Exchange on Wednesday the company pre-sold a total gross floor area of 2.86 million square metres during the six months, which surged by 27 per cent, compared to some 2.26 million square metres pre-sold during the same period of last year.
In addition, the average selling price per square metre of the company registered a year-on-year increase of some 8 per cent to 9,932 yuan for the period from 9,231 yuan.
For June alone, the Guangzhou-based developer reached 6.79 billion yuan in pre-sales of residential projects, which grew by 20 per cent year-on-year compared to 5.67 billion yuan one year ago.
Total pre-sold gross floor area in the month amounted to 644,000 square metres, which expanded by 11.6 per cent compared to some 577,000 square metre pre-sold during the same month in 2015.
The residential projects of the Chinese developer, primarily located in the Mainland, are popular among homebuyers and investors from Macau and Hong Kong.