Kerry Properties is aiming for a 31.6% increase in property sales to HK$5bn this year from HK$3.8bn last year by selling more projects in Hong Kong and on the mainland.

'About HK$3.6bn [of the target sales] will come from Hong Kong and HK$1.4bn from the mainland,' chief financial officer Louis Wong Chi-kong said.

The sales target was unveiled when the developer announced yesterday that last year's profit fell 14% to HK$2.23bn, excluding revaluation gains from investment properties.

South China Morning Post