Coastal Greenland (01124.HK) maintains its target contract sales of HK$3-4 billion for the current fiscal year, chairman Chan Boon-teong said today. The company's HK$1.5 billion contract sales for the fiscal first-half ended 30 September 2011 were 25% lower compared to the sales for the corresponding period last year. But sales performance improved in August and September, with the sales increased to over HK$2 billion near the end of November, he said.

Chan said he expects mainland China's property prices to bottom out during April to June next year.