Yuexiu Property (HKG:0123) recorded contracted sales of around 6.23 billion yuan in February, up 63.2% from the year-ago period, while the gross floor area decreased by 20% to roughly 115,700 square meters, according to a Friday disclosure with the Hong Kong Exchange.

For the two months ended February, contracted sales amounted to 12.8 billion yuan, 23.8% higher year-on-year, while the corresponding gross floor area decreased by 6.7% to 348,400 square meters.

Through a union of its unit with others, the company acquired an effective equity interest of around 48.45% in a land parcel in Shanghai by way of open tender.

The said land parcel has a gross floor area of 104,369 square meters, is located in China's Yangsi sector, Pudong District in Shanghai, and is planned for residential use. The land premium attributable to the company's effective equity interest in the land parcel amounts to 2.47 billion yuan.

Shares closed over 1% higher on Friday.