In July 2016, BCL achieved total contracted sales area of 188,000 sq.m., representing an increase of 31.6% over the same period last year. Its corresponding contracted sales amounted to approximately RMB3.75 billion, representing an increase of 101.1% over the same period last year. As at the end of July 2016, the cumulative contracted sales area amounted to approximately 1,096,000 sq.m. and the cumulative contracted sales amounted to approximately RMB20.04 billion, representing an increase of 43.3% over the same period last year. The average selling price in the first seven months of 2016 was RMB18,000/sq.m., representing an increase of 75.5% over the same period last year. Meanwhile, as at the end of July 2016, the cumulative subscription sales awaiting signing of official sales contracts amounted to RMB1.8 billion.