In 2008, the group recorded RMB 11.5 billion in property sales revenue and transaction volume of 11,800 apartments.
On Nov. 8, 2008, Longfor Group won the bid for a 14.449-hectare piece of land in Qingpu District in the outskirts of Shanghai, offering a record-breaking price over RMB 10,000 per square meter.
The group will begin selling units in a real estate project in Jiangbei District, Chongqing, in April.