Minmetals Land 6-Month Contracted Sales Rise to 2.5 Billion Yuan

Minmetals Land Ltd. said first-half contracted sales increased 263 percent from a year earlier to 2.5 billion yuan ($387 million), even as the average selling price fell 8 percent to 9,000 yuan a square meter.

Contracted gross floor area sales almost quadrupled to about 276,000 square meters (3 million square feet), the company said in an e-mailed press release today.

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