Hopson Development, which specialises in Guangzhou property development, has generated 1.2 billion yuan (about HK$1.12 billion) from the sale of more than 2,000 flats this year. Managing director Stones Tse Sai-tung said there had been a growing demand for luxury property in Guangzhou in the past two years. China's pending accession to the World Trade Organisation also had boosted the market in anticipation of more foreign corporations coming to Guangzhou. Hopson Development launched its Regal Court luxury residential development in the Tianhe District this year. It comprises 1,350 units ranging from 110 square metres to 350 sq metres. Mr Tse said the project could realise about 1.5 billion yuan if all units were sold.