In March 2017, BCL achieved a total contracted sales area of 215,000 sq.m., representing an increase of 25.0% over the same period last year, while the corresponding contracted sales amounted to approximately RMB4.51 billion, representing an increase of 97.8% over the same period last year. As at the end of March 2017, BCL’s cumulative contracted sales area amounted to approximately 485,000 sq.m., representing an increase of 71.4% over the same period last year. The cumulative contracted sales amounted to approximately RMB12.68 billion, representing an increase of 245.1% over the same period last year. The average selling price in 2017 was RMB26,000/sq.m., representing an increase of 101.3% over the same period last year. Concurrently, as at the end of March 2017, cumulative subscription sales awaiting signing of official sales contracts amounted to RMB2.47 billion.