Keppel Land sold 1,500 units in China in first 5 months

Versus 2012's total sales of 1,650 units.

According to Nomura, KPLD sold a total of 1,500 units in China in the first five months of 2013 (taking into account the 850 units sold in 1Q13, this implies 650 units were sold in April and May alone).

Nomura noted that this compares to 1,650 units sold during the whole of 2012. According to management, the selling price at The Springdale (Nanhui District, Shanghai; about half of the total 2,667 units have been sold) recently hit CNY13,000psm, vs the average of CNY11,800psm in 1Q13.

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