On May 29, CR Land rose 3.31% in regular trading, trading at HK$35.54/share, with trading volume of HK$304 million.
On the news front, the real estate development sector staged a broad-based rally, with Country Garden surging 26.79%, Sunac rising 17.98%, China Vanke gaining 12.2%, and China Overseas up 2.44%. The strong sector-wide momentum significantly boosted CR Land's valuation recovery.
Meanwhile, CR Land management recently highlighted the company's \"3+1\" integrated business model as an effective support for near-term performance. First-half contracted sales reached RMB 110.3 billion, ranking among the industry's top three. The operating property business recorded a 5.5% year-over-year revenue increase, while shopping center retail sales surged 20.2% year-over-year, underscoring the resilience of its recurring income streams amid ongoing sector adjustments.
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