Property giant Evergrande reports rising sales in November

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

Its contracted sales in November totaled 46.07 billion yuan (about $7.03 billion), up 24.3 percent year-on-year, according to the company.

Meanwhile, its contracted sales in terms of floor area rose 31.7 percent year-on-year to 5.09 million square meters in the same month.

In the first 11 months this year, the real estate developer's contracted sales amounted to 678.66 billion yuan, up 16.9 percent from the previous year, the company said.