New World Development eyes 30pc growth in flat sales this year
Developer projects contracted sales to come in at HK$12 billion after strong second half
New World Development is targeting growth of up to 30 per cent in property sales for the year to June after achieving a strong performance in the second half of last year.
The developer generated HK$9.2 billion from contracted sales in the previous financial year.
"We planned to achieve a 20 to 30 per cent growth in contracted sales this financial year," said Adrian Cheng Chi-kong, New World's executive director and joint general manager.
The company planned to generate between HK$11 billion and HK$12 billion from contracted sales. It aims to sell 3,300 flats.
"We sold 1,500 flats in the six months to December last year and 757 flats from January 1 to February 24," Cheng said. "We have achieved more than 50 per cent of the contracted sales target so far and plan to achieve contracted sales of HK$5 billion to HK$6 billion in the second half [of this financial year]."