Property giant Evergrande reports rising sales in July

BEIJING - China Evergrande Group, one of the leading developers in China, reported surging sales last month, the company said in a statement.

Its contracted sales in July totaled 50.3 billion yuan ($7.25 billion), up 24.4 percent year-on-year, according to the company.

Its contracted sales in terms of floor area rose 40.4 percent year-on-year to nearly 5.39 million square meters in July.

In the first seven months this year, its contracted sales amounted to 399.14 billion yuan, up 23.9 percent from the previous year, the firm said.