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CC Land posts 20% sales growth for Apr

May. 9, 2012 (China Knowledge) - CC Land Holdings Ltd<1224>, a real estate developer based in Chongqing, realized around RMB 482 million in contractual sales last month, 20% more than in March.

In a statement filed with the Hong Kong Stock Exchange, the company said its contractual sales area surged about 51% from a year earlier to 66,000 square meters in April.

In the first four months of this year, CC Land sold approximately 196,000 sq m of properties for a total of RMB 1.49 billion.

The real estate developer announced on Apr. 23 it sold two pieces of land in Dujiangyan, Sichuan Province for a combined RMB 330 million.

One of two plots covers an area of 98,586 sq m and will be used for commercial purpose, while the other residential parcel has an area of 212,400 sq m.

Deputy Chairman How Mun Lam has highlighted its firm’s target of RMB 6.8 billion sales revenue for 2012.

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