China Merchants Property Growth 115%

Investment Real Estate (000024) 27th released in the first half of the business income of 6.981 billion yuan, an increase of 142.76%, to achieve net profit of 1.05 billion yuan, an increase of 115.71%, to achieve basic earnings per share of 0.61 yuan. Investment in the first half of this year in 11 cities launched 21 real estate, sales area of 287,500 square meters, signed sales amount of 4.23 billion yuan. At the same time, the first half of the new 9 projects, building area of 670,000 square meters.　　Land reserves, the first half of the expansion of land reserves 460,000 square meters, making the total reserves of more than 10 million square meters.　　China newspaper showed that the real estate development sales business to achieve revenue of 6.1 billion yuan, an increase of 188.77%; In the 2009 Annual report, China Merchants Real Estate has said that 2010 will be in 14 cities to promote 39 projects at the same time, under construction total planning area of more than 6 million square meters, the 2010 commercial housing sales area of more than 1.3 million square meters.　　2009 Real Estate market hot, the whole year to complete the real estate contract sales amount of up to 14.842 billion yuan, sales area of 1.2119 million square meters, sales have exceeded the completion of the plan earlier last year. If the first half of this year compared with the first half of last year's sales, can find the real estate market changes in temperature and winter. Investment in the first half of last year in 10 cities, a total of 19 real estate to market, sales area of 623,200 square meters, sales amount of 7.169 billion yuan.　　This year, sales area year-on-year decline more, but because the average price rose sharply, contracted sales amount slipped slightly smaller. Take the rhythm aspect, in the first half of 2009, the investment estate did not take the land, nearly all 2009 years to concentrate in the second half, the first half of this year to take the pace and slowed down. Last year through the cooperative auction and other ways to obtain the Chongqing billiard block, Tianjin Jingjiang Road block, such as the core of the city's six sites, the whole year new planning to build 1.96 million square meters, including the rights to build 1.08 million square meters. New land reserves of 460,000 square meters in the first half of this year.