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Beijing Capital Land's contractual sales up 14% in Oct

Nov. 6, 2012 (China Knowledge) - Beijing Capital Land Ltd<2868>, a real estate company based in Beijing, realized RMB 1.17 billion in contractual sales last month, reflecting a YoY increase of 14%.

In a statement filed with the Hong Kong Stock Exchange, the company's contractual sales area for October grew 12% from a year earlier to 148,000 square meters.

Last month, the contractual sales in Beijing and Tianjin totaled RMB 480 million, while the contractual sales area in the area amounted to 38,000 sq m.

The property developer sold 1.36 sq m of properties for a total of RMB 10.1 billion in the first ten months of this year, representing a YoY increase of 38% and 12%, respectively.

By the end of the reporting period, the firm had RMB 1.2 billion in subscribed sales.

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