China Overseas Land said its property sales in November rose 37.4% boosted by strong growth in sales in central and western China.
The Chinese property group said November sales rose 11.7% from October, while total sales for the last 11 months of the year were up 34.3% from the year-ago period.
Shrugging off concerns over weak sentiment in China’s property market, the company said sales so far this year had met its target. It gave no further details.
China Overseas Land, which is involved in property development in 20 Chinese cities, Hong Kong and Macau, said it had added 2.8 million square meters of new land reserve so far this year to 25.27 million square meters. That would be sufficient for its development use in the next 4 to 5 years.
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