Beijing Capital Land sees revenue rebound this year

HONG KONG: Realty developer Beijing Capital Land said it expects to post a sales revenue of 6 billion yuan this year on strong property sales.

The Beijing-based company suffered a 53 percent fall in sales revenue last year to 3.74 billion yuan due to the rigid controls in the domestic property market.

Speaking on the sidelines of the company's annual results yesterday, Beijing Capital President Liu Xiaoguang said he was confident that property sales would rebound this year.