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Beijing Capital Land sees sales revenue skyrocket 200%

May 14, 2009 (China Knowledge) - Beijing Capital Land Ltd<2868>, which is engaged in real estate development and hotel operations, reaped RMB 2.54 billion in contracted sales revenue in the first four months of this year, a year-on-year jump of 200%, sources reported.

The contracted sales area of the Hong Kong-listed company totaled 281,000 square meters (sq m) in the period from January to April, soaring 270% year on year. In April alone, contracted sales revenue hit RMB 1.13 billion and contracted sales area reached 114,000 sq m.

In the first four months, the firm's considerable sales were derived from sales of units in residential projects in Beijing, Tianjin, Wuxi, Chengdu and Shenyang.

On May 16, the real estate developer will start to sell villas and apartments in three residential properties in Beijing, Tianjin and Xi'an