Future Land Development Holdings, the mainland developer which lost tens of billions in market capitalisation last week after its former chairman was arrested, reported a 19 per cent rise in contracted sales in June from the previous month, according to a stock market filing on Sunday.Contracted sales for the month totalled 29.5 billion yuan (US$4.28 billion), representing an area of 2.53 million square metres, up from 24.7 billion yuan and 2.03 million square metres in May, the Shanghai…
Source : South China Morning Post
Read more…Future Land reports property sales gain in June; company chairman and property tycoon Wang Zhenhua under investigation















