Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Financial Market
 Search News  Or
Sino-Ocean Land's sales surge 25% to RMB 27 bln in 2011

Jan. 17, 2012 (China Knowledge) - Sino-Ocean Land Holdings Ltd<3377>, one of the largest real estate developers in Beijing and the Bohai Economic Rim, has posted 25% contracted sales growth for 2011 with sales totaling RMB 27 billion in the year.

The sales accounted for around 90% of the property developer's annual target of RMB 30 billion.

In a statement filed with the Hong Kong Stock Exchange, the company's contracted sales stood at RMB 3.1 billion in December 2011, 41% more than RMB 2.2 billion it realized from a month earlier.

Last month, Sino-Ocean Land did not acquire any plot, said the company. Analysts noted that the firm only got a property in Shenzhen for RMB 2.26 billion in the second half of last year.

Sino-Ocean Land, which opened its first Tianjin-based department store with a floor area of 80,000 square meters on December 19, 2011, aims to open a total of ten shopping malls in China by 2015.

Wang Fushun, General Manager of the company's commercial property division, said Sino-Ocean Land currently owns nearly 20 commercial property projects under construction.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved