Beijing Capital Land Ltd. (02868.HK) posted a net profit of 1.52 billion yuan (US$251 million) in 2013, up 37 percent year on year, it said in a stock exchange filing Sunday. Revenue rose 24 percent to 11.32 billion yuan. The company and its subsidiaries sold 1.92 million square meters of space during the year, up 11 percent year on year, with 1.75 million square meters being for residential purposes. The average price of its property projects was 10,200 yuan per square meter, 33 percent higher than in the previous year. In Beijing, the average selling price was up 43 percent to 23,315 yuan per square meter. Outside Beijing, it was 7,825 yuan per square meter, up 19 percent year on year. In 2014, the group is targeting sales of about 28 billion yuan from more than four million square meters of space, the filing said.
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