In June 2016, BCL achieved total contracted sales area of 255,000 sq.m., and its corresponding contracted sales amounted to approximately RMB5.67 billion, representing an increase of 112.7% over the same period last year. As at the end of June 2016, the cumulative contracted sales area amounted to approximately 908,000 sq.m. and the cumulative contracted sales amounted to approximately RMB16.29 billion, representing an increase of 34.4% over the same period last year. The average selling price in the first six months of 2016 was RMB18,000/sq.m., representing an increase of 77.5% over the same period last year. Meanwhile, as at the end of June 2016, the cumulative subscription sales awaiting signing of official sales contracts amounted to RMB2.05 billion.