New World China Land Ltd, a unit of New World Development Co, has signed an agreement to sell property projects in Guiyang and Chengdu to Evergrande Real Estate Group Ltd for a total 7.3 billion yuan ($1.1 billion), New World China Land said in a statement. Evergrande said it will buy five developments from Chow Tai Fook Enterprises Ltd, which is controlled by the family of billionaire Cheng Yu-tung.