KWG Property Holding Limited announced unaudited group sales results for the month and year to date ended December 31, 2016. In December 2016, the Group's gross pre-sales value amounted to RMB 2,052 million. The Group's attributable pre-sales value amounted to RMB 1,532 million as compared to RMB 1,511 million in November 2016 and RMB 2,380 million in December 2015, representing a month-on-month increase of 1.4% and a year-on-year decrease of 35.6%, respectively. The Group's attributable pre-sales area amounted to approximately 111,400 sq. m. as compared to 114,000 sq. m. in November 2016 and 176,000 sq. m. in December 2015. The Group's aggregate attributable pre-sales value for the year ended December 31, 2016 amounted to approximately RMB 22.3 billion of attributable pre-sales value, representing 101% of the Group's full year pre-sales target of RMB 22.0 billion and the Group's aggregate attributable pre-sales area totaled approximately 1,705,000 sq. m.