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China Merchants Shekou Reports August Contracted Sales of 15.7 Billion Yuan

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China Merchants Shekou Industrial Zone (SHE:001979) achieved contracted sales area of 388,900 square meters and contracted sales amount of 15.71 billion yuan in August.

This brought cumulative contracted sales to 3.9 million square meters and 125.8 billion yuan in the first eight months of the year, according to a Thursday filing with the Shenzhen bourse.

In August, the property developer acquired three projects--a residential plot in Shanghai's Pudong New Area with a 70% equity stake, a residential plot in Beijing's Shijingshan District with 100% equity and mixed-use plots in Hong Kong's Northern Metropolis with 17% equity.

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