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Beijing Capital Land's contractual sales for Apr double

May. 7, 2012 (China Knowledge) - Beijing Capital Land Ltd<2868>, a real estate company based in Beijing, realized RMB 1.26 billion in contractual sales last month, reflecting a year-on-year jump of 102%.

In a statement filed with the Hong Kong Stock Exchange, the company's contractual sales area for April surged 181% from a year earlier to 190,000 square meters.

The property developer sold 512,000 sq m of properties for a total of RMB 3.46 billion in the first fourth months of this year, representing a year-on-year increase of 75% and 10%, respectively. As of Apr. 30, 2012, the firm had RMB 700 million in subscribed sales.

In March, Beijing Capital's contractual sales soared 177% from a month earlier to RMB 1.47 billion, with contractual sales area totaling 218,000 sq m, jumping 189% on a sequential basis.

For the second quarter of 2012, the company expects to sell properties totaling around 800,000 sq m in over 30 projects in Chinese cities, such as Tianjin, Chengdu of Sichuan Province, Xi'an of Shaanxi Province and Qingdao of Shandong Province.

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