Date
21 August 2017

China State Construction sales jump to 1.3 trn yuan, paper says

China State Construction International Holdings Ltd. (03311.HK) said contracted sales for 2013 surged 33 percent to nearly 1.3 trillion yuan (US$215.08 billion) from the previous year, while combined floor space of projects under construction rose 25 percent to 760 million square meters, the China Securities Journal reported Tuesday. The company’s two property developers, China Overseas Land & Investment Ltd. (00688.HK) and China State Construction Land (CSC Land), sold a combined 12.37 million square meters of property, up 28 percent from 2012, with sales value up 29 percent at 142.6 billion yuan, the report said.

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