HONG KONG, Feb 9 – Hong Kong-listed Beijing Capital Land said it expects to see contracted sales for 2010 at 10 billion yuan ($1.47 billion), down 5.7 per cent from the previous year, according to a company’s presentation on Tuesday.
The company reported contracted sales of 10.6 billion yuan ($1.6 billion) for 2009, up 183 per cent from the previous year.
Beijing Capital Land, which focuses on mid- to high-end residential properties and also has some commercial real estate in China, posted revenue of 5.4 billion yuan for last year, up 4.4 per cent.
By 0329 GMT, its shares were up 1.11 per cent, outperforming the Hang Seng index’s 0.30 per cent loss. – Reuters
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