Jan. 10, 2012 (China Knowledge) - Country Garden Holdings Co Ltd<2007
>, which is principally engaged in property business in Guangzhou
Province, has posted RMB 43.2 billion-contracted sales for 2011, 31% more than that in 2010.
The sales exceeded the Hong Kong-listed
firm's annual target of RMB 43 billion.
Contracted sales area grew 15% from two years earlier to 6.87 million square meters last year.
In 2011, the real estate developer's sales price increased 15% year on year from RMB 6,000 per sq m to RMB 6,288 per sq m, more than RMB 5,483 per sq m in 2010.
Country Garden started 16 new property projects last year, in which ten projects are located in Guangdong
On December 23, Country Garden set up a joint venture in Malaysia to tap the country's property market, which is also the company's first overseas project, sources reported.