BIZCHINA / Biz Media Digest

Real Estate: Sales boom ready
(CRI)
Updated: 2006-04-04 14:44

Beijing Capital Land, one of the biggest developers in the capital, expects sales to double to five billion yuan this year as it accelerates project launches to compensate for falling earnings last year.

The developer said 10 projects this year would have a total gross floor area of 695,000 square metres. Last year, 269,200 square metres were sold for 2.35 billion yuan.

The projects include residential developments North Ring Centre Phase 2 and A-Z Town Phase 2 as well as two office premises, Beijing World Center Block 1 and the Center.


(For more biz stories, please visit Industry Updates)