SHANGHAI Forte Land Co yesterday said sales jumped 59 percent to 13.6 billion yuan (US$2.05 billion) last year, surpassing the 10 billion yuan barrier for the first time.

Sales exceeded its earlier target of 11.5 billion yuan, the Hong Kong-listed developer said in a statement posted on its website.

Contract sales by area during the 12-month period climbed 16 percent to 1.01 million square meters, the company said, which has already expanded its presence to 13 cities across the country as of December.