Top Spring International Holdings Limited reported unaudited sales results for the full year ended December 31, 2016. During the full year, the Group recorded contracted sales of properties and contracted sales of car park units of approximately HKD 4,048.0 million with contracted gross floor area sold amounting to approximately 187,383 sq.m. and 1,032 car park units. During the Full Year of 2016, the Group had subscribed pre-sales of approximately HKD 525.0 million with subscribed GFA amounting to approximately 27,258 sq.m. and 28 subscribed car park units. Such subscribed pre-sales have not yet been converted into contracted sales during the Full Year of 2016. During the Full Year of 2016, the contracted sales and the subscribed pre-sales together amounted to approximately HKD 4,573.0 million, representing a decrease of approximately 46.3% on a year-on-year basis. The significant reduction of contracted sales was primarily because some of the saleable resources planned for launching pre- sales for the full year of 2016 were disposed of through the share transfer to other independent third parties and settlement of intercompany loans of their respective project companies, the aggregated amount of which was approximately HKD 5,443.4 million during the full year of 2016. During the full year of 2016, the average selling price of the Group's contracted sales of properties was approximately HKD 20,795.8 per sq.m., representing an increase of approximately 5.4% on a year-on-year basis.