China Overseas aims for HK$100b in property sales for 2013

China Overseas Land & Investment, one of the biggest developers on the mainland, is aiming for sales this year of at least HK$100 billion.

Chairman Kong Qingping described it as a conservative forecast, as the target has taken into account unfavourable circumstances the market could face.

Kong spoke to reporters as the company announced a 21.1 per cent jump in net profit last year to HK$18.72 billion, or HK$2.29 a share, up from a restated HK$15.46 billion, or HK$1.89 a share, a year earlier.

via Business feed http://www.scmp.com/business/companies/article/1194114/china-overseas-aims-hk100b-property-sales-2013