June 29 (NBD) -- Chinese real estate developer Future Land Holdings Co., Ltd. ("Future Land", 601155.SH) Wednesday said that shantytown renovation business takes up a comparatively small part in the company's sales, in response to investors' concerns over possible impacts on the company's performance brought by China Development Bank's halt to new funding for renovation plans.

The property developer expressed its confidence in achieving the sales target for the year of 2018.

Future Land also noted that the financing cost for 2018 will be higher compared with 2017, but will stay under control in general.

Email: gaohan@nbd.com.cn