Shimao Property Holdings sales surpassed 10 billion yuan in the past five months and the company is confident of meeting a full-year target of 17 billion yuan, the Standard reported today, citing Chairman Hui Wing-mau.

Hui is 'optimistic' about China's home market in the second half, though the executive is concerned about a 'surge' in land prices, the English-language Hong Kong newspaper quoted him as saying.

Property prices are expected to climb by 10% in the second half of the year, Hui said, according to the Standard. Shimao will gradually increase property prices, the executive was cited as saying.