Opinion Real Estate Network News: On the afternoon of February 26th,New World Development Co., Ltd.A press conference on the interim results of the 2021 fiscal year was held online.New world developmentVice Chairman of the Board Zheng Zhigang, Deputy Chief Financial Officer Liu Fuqiang and other senior executives attended and answered questions from the media.

Opinion Real Estate New Media learned that the management responded at the meeting that the Group will continue to absorb new land in the Greater Bay Area, and will contribute about 1.8 million square meters of land within a certain period of time to the renovation of the old city, which will be converted into land reserves one after another in 2022 and 2023.

The interim report revealed that during the period, New World Development recorded an overall contract sales amount of about RMB 11.2 billion in the Mainland. The southern region, led by the Greater Bay Area, contributed the most, with more than 76%; followed by the central region, which reached 13%.

Management said in this regard that the Greater Bay Area's contribution to mainland sales during the period was 36%; in addition, the Huaihai Middle Road commercial site, which the company invested 4.1 billion dollars in August last year in Huangpu District of Shanghai, will be turned into a high-end commercial complex. Meanwhile, the company will continue to invest in first-tier cities in the Greater Bay Area and Shanghai.