Minmetals Land contracted sales up 450% to RMB2.57bn

The company has also achieved annual target of contracted sales and GFA of approximately 105% and 106% respectively.

Minmetals Land Limited announced on Tuesday its contracted sales performance for 2010 which grew approximately 450% from 2009 full year to over RMB2.57 billion, while contracted GFA sold amounted to approximately 208,000 sq.m, according to a Minmetals Land report.

Accordingly, the Company has achieved annual target of contracted sales and GFA of approximately 105% and 106% respectively. The average selling price during the reported period reached approximately RMB12,300 per sq.m., an increase of over 112% from RMB5,800 in 2009. The Company’s management has great confidence in increasing the contracted sales by 100% to RMB5 billion and contracted GFA sold to 500,000 sq.m. in 2011.