Minmetals Land Limited announced contracted sales results for the first quarter ended 31 March 2016. For the quarter, the company's contracted sales reached approximately RMB 2.78 billion and contracted gross floor area sold amounted to approximately 135,000 square metres, which represented year-on-year growth of 138.7% and 103.7% respectively. Total numbers of units sold during the period were 1,035, up 84.2% year-on-year and the average selling price reached approximately RMB 20,600 per square metre, up 17.2% year-on-year.

The company has set its 2016 contract sales target at RMB 9 billion.