Sino-Ocean Land Holdings, the largest developer in Beijing, has set a record by achieving more than 60 per cent of its sales target of 8 billion yuan (HK$9.08bn) this year.

Chief executive Li Ming said yesterday the company had generated 5 billion yuan from contract sales so far, the most in a comparable period since it was established in 1993.

The developer said it had no plans to adjust the sales target at the moment but would review it later. Last year, the company recorded contract sales of 7.24 billion yuan.

South China Morning Post