(9 January 2012 – Hong Kong) Country Garden Holdings Company Limited (“Country Garden” or the “Group”, SEHK stock code: 2007), one of the leading integrated property developers in China, announces that the Group achieved contracted sales of approximately RMB43.2 billion, and contracted GFA of approximately 6.87 million sq. m. for the year 2011, representing year-on-year growth of 31% and 15% respectively, exceeding its RMB43 billion full-year contracted sales target.
During the year, Country Garden continued to tie in closely with the policy and offered high value-for-money residential units addressed to the real housing demand. In 2011, the Company launched a total of 16 projects, of which 10 were located in Guangdong province. The new projects were well-received by home buyers and, on average, over 60% of the debut launch volume were sold out on the first two days of launch.