In May 2016, BCL achieved total contracted sales area of 159,000 sq.m., and its corresponding contracted sales amounted to approximately RMB3.14 billion, representing an increase of 47% over the same period last year. As at the end of May 2016, the cumulative contracted sales area amounted to approximately 653,000 sq.m. and the cumulative contracted sales amounted to approximately RMB10.61 billion, representing an increase of 12.3% over the same period last year. The average selling price in the first five months of 2016 was RMB16,000/sq.m., representing an increase of 57.3% over the same period last year. Meanwhile, as at the end of May 2016, the cumulative subscription sales awaiting signing of official sales contracts amounted to RMB1.56 billion.