In March 2016, BCL achieved total contracted sales area of 172,000 sq.m. and its corresponding contracted sales amounted to approximately RMB2.28 billion. As at the end of March 2016, the cumulative contracted sales area amounted to approximately 283,000 sq.m. and the cumulative contracted sales amounted to approximately RMB3.67 billion, representing a decrease of 35.8% over the same period last year. The average selling price in the first three months of 2016 was RMB13,000/sq.m., representing an increase of 26.4% over the same period last year. Meanwhile, as at the end of March 2016, the cumulative subscription sales awaiting signing of official sales contracts amounted to RMB1.3 billion.