In August 2016, BCL achieved a total contracted sales area of 210,000 sq.m. Its corresponding contracted sales amounted to approximately RMB5.37 billion, representing an increase of 162.7% over the same period last year. As at the end of August 2016, BCL’s cumulative contracted sales area amounted to approximately 1,306,000 sq.m. and cumulative contracted sales amounted to approximately RMB25.4 billion, representing an increase of 58.5% over the same period last year. The average selling price in the first eight months of 2016 was RMB19,500/sq.m., representing an increase of 88.8% over the same period last year. Meanwhile, as at the end of August 2016, cumulative subscription sales awaiting signing of official sales contracts amounted to RMB1.8 billion.