For the first nine months in 2010, the Group achieved contracted sales of RMB2.3 billion, up 31% over the same period last year. The total gross floor area (GFA) of 201,400 sq.m was sold under contract. Average selling price (ASP) increased by 152% year on year to RMB11,400 per sq.m. In September 2010, Aoyuan achieved contracted sales of RMB 727 million, representing a year-on-year growth of 347%. The total GFA sold under contract was 53,500 sq.m. The sales of high-end commercial and residential properties of the Group boosted the ASP by 177% year-on-year to RMB13,600 per sq.m.

During the National Day Golden Week Holiday, the projects launched by Aoyuan attracted significant attention from customers once again and both of the residential and commercial projects recorded remarkable sales performance.  From 1st to 11th October, the Group achieved a transaction value of RMB 359 million by selling 33,200 sq. m of real estate projects. 

Mr. Guo Zi Wen, Chairman and CEO of Aoyuan, said, "In September and October, the peak season for property sales, Aoyuan launched a series of projects including Aoyuan-Hai Jing Cheng, Zhongshan Aoyuan and Aoyuan Plaza. All of the projects have been popular with buyers and they recorded excellent sales performance. The sales performance has enhanced the Group"s confidence as well as shown customers" recognition of the high quality of the Group"s projects. We will adjust our sales strategy in response to the market demands to achieve better sales."