R&F Properties July Sales Rise MoM to RMB 3b

Guangdong-based real estate developer R&F Properties (2777.HK) recorded sales of RMB 3.04 billion from signing contracts for 177,600 sqm of property in July, climbing 19% and 11% from June levels, respectively, but on an annual basis, representing a decline of 2% and 14%, respectively, guandian.cn reported.

Over the first seven months, the company's revenue increased 7% y-o-y to RMB 16.45 billion, while area sales decreased 16% y-o-y to 1.04 million sam.