Despite the low market momentum during year-end, sale of China Overseas Property's The Wesley in Shenzhen received an overwhelming response on 22 December 2007. 80% sales rate was recorded, which topped the nine properties currently launched in the market.
As the company's 2-billion yuan benchmark project in Shenzhen Baoon district, 665 residential units from Phase I and 120 retail units were sold out immediately after launch, while 264 residential units from Phase II are currently available for sale. The successful sale in recent half-year demonstrates the strong appeal of this 360,000-square-meter project in the community.
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