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Real Estate: SRE H1 Sales Hit RMB 2.75B
Shanghai-based property developer SRE Group Limited (1207.HK) announced July 8 that it sold about 148,000 square meters in the first six months of 2009, up 64.3% year-on-year, to generate revenues of RMB 2.75 billion, up 111.2% year-on-year, reports guandian.cn.
The company's land reserves totaled about 4.6 million square meters in Shanghai, Shenyang and Haikou by the end of June, enough to meet the company's development needs for the next five years, said the report.
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