2 March 2011, Hong Kong – Fantasia Holdings Group Co., Limited (“Fantasia” or “the Company”, HKSE stock code 1777) announced sales performance in February 2011. The company recorded contract sales of RMB 227 million and GFA sold of 23,277 square meters, posting a year-on-year growth of 144% and 38% respectively.

Following the strong sales momentum of commercial urban complexes in January, three commercial urban complexes, namely Chengdu Meinian International Plaza, Chengdu Future Plaza and Tianjin Hailrun Plaza, recorded strong sales performance in February, which accounted for approximately 60% of the total contract sales. Thanks to the prime location and high project quality, the sales of boutique upscale residences recorded good performance in February, a month regarded traditionally as low season in the real estate market. 

As of 28 February 2011, the company recorded accumulated contract sales of RMB661 million and GFA sold of 70,014 square meters. At present, more than 10 cities in China launched restrictive policies on residential housing purchase. However, offices, retail and other non-residential properties were less affected by austerity measures. The company’s commercial urban complex projects in Chengdu, Tianjin and other cities maintained a stable and good sales record since the beginning of the year. The LOFT product in Tianjin Hailrun Plaza had been well received from both self-reside and investors for its integrated residential-commercial usage and high value for money features.