Yuexiu Property (HKG:0123) recorded contracted sales of around 18 billion yuan in March, up 59% from a year prior, a Monday filing with the Hong Kong bourse said.

The corresponding gross floor area (GFA) also rose by 4.8% to approximately 346,700 square meters in the month, according to the property firm.

Contracted sales for the quarter ended March 31 saw a 42% boost to roughly 30.8 billion yuan, while GFA fell by 1.3% to 695,100 square meters.