CSCEC wins orders worth 224.7b yuan

China State Construction Engineering Corp (CSCES) said it has won more new construction contracts in the eight months to August this year compared with the same period last year.

In a regulatory filing yesterday, the Shanghai-listed homebuilder said it has signed new contracts worth 224.7 billion yuan in the first eight months, up 20.4 percent from previous year. In the same period, property sales soared by 84.7 percent to 2.8 billion yuan while the area sold grew by 1.26 times, to 4 million sq m.

The conglomerate purchased another new land of 3.09 million sq m in August, taking its total land reserves to 38.88 million sq m.