Property developers raise targets for sales by up to 30pc

Country Garden is aiming for growth of 30 per cent in contract sales this year, and is banking on increasing urbanisation on the mainland and demand from end-users to achieve that goal.

The Guangdong-based developer's contract sales by value rose 10 per cent to 47.6 billion yuan (HK$58.8 billion) last year. Contract sales by gross floor area grew 11 per cent to 7.64 million square metres.

The average selling price was 6,231 yuan per sq m, much the same as the previous year.

via Business feed http://www.scmp.com/business/china-business/article/1195022/property-developers-raise-targets-sales-30pc