Beijing Capital Land (HKG:2868) said that its contract sales of real estate properties in December 2011 amounted to 101,000 sqm - down 10% on month, or RMB920 million by value - down 17% on month.

For the entire year of 2011, the contract sales totalled 1.18 million sqm - down 0.9% on year, or RMB11 billion by value - down 11.4% on year and falling short of the company's target of RMB15 billion.