Greentown China Holdings Limited announced unaudited operating results for the month and twelve months ended December 31, 2016. Greentown Group (including Greentown China Holdings Limited and its subsidiaries, together with its joint ventures and associates) sold 3,279 units with saleable area of approximately 450,000 sqm in December 2016. Monthly sales reached approximately RMB 9.5 billion, with an approximate average selling price of RMB 21,065 per sqm. In addition, in December 2016, the total saleable area of the properties sold pursuant to the construction management projects of Greentown Group under the 'Greentown' brand name (the non-investment projects, referred to as 'construction management projects) achieved approximately 190,000 sqm, with a total contracted amount of approximately RMB 2 billion. From January to December 2016, Greentown Group recorded contracted sales of approximately RMB 95.8 billion involving saleable area of 4,830,000 sqm, of which approximately RMB 51.1 billion was attributable to the Group (including Greentown China Holdings Limited and its subsidiaries). As at 31 December 2016, in addition to contracted sales, Greentown Group recorded subscription sales of RMB 2.5 billion, of which approximately RMB 1.3 billion was attributable to the group. From January to December 2016, the total contracted sales under the construction management projects reached approximately RMB 18.1 billion, with a total saleable area of approximately 1,430,000 sqm. From January to December 2016, the total contracted sales under the construction management projects reached approximately RMB 18.1 billion, with a total saleable area of approximately 1,430,000 sqm. Greentown Group recorded total contracted sales of approximately RMB 113.9 billion, involving a total saleable area of approximately 6,260,000 sqm.