Central China Real Estate (00832.HK) announced that its sales of real-estate properties with contracts signed totalled RMB7.9 billion as at 30 October 2011, up 58% compared to the sales during the corresponding period last year and representing 108.2% of its target of RMB7.3 billion for this year. The property areas sold amounted to 1.294 million sqm, up 21.3% on year.

For November 2011 alone, the contract sales amounted to RMB408 million - up 2% on year, or to 63,400 sqm in area - down 41% on year.

The average selling price was RMB6,111 per sqm for the first 11 months this year - up 30.4% on year, and RMB6,437 for November - up 73.2% on year.