Yuexiu Property (HKG:0123) recorded contracted sales of around 13.5 billion yuan in December 2024, up 48% from the year-ago period, a Friday bourse filing said.

The corresponding gross floor area (GFA) for the month rose by 23% to roughly 489,200 square meters.

In the year 2024, contracted sales and GFA fell by 19% and 12%, respectively, to around 114.5 billion yuan and 3.9 million square meters.

The property company, through its unit, acquired an effective equity interest of around 95.48% in a land parcel in Guangzhou by way of land auction with a total planned GFA of 29,861 square meters. The land is planned for residential use.