China Resources Land (01109.HK) Posts RMB10.05 Billion February Sales, Down 25.6% YoY; Rental Income Climbs 17.1%

Bulletin Express
03/13

China Resources Land Limited reported gross contracted sales of approximately RMB10.05 billion for February 2026, representing a 25.6% year-on-year decline. Contracted gross floor area (GFA) for the month fell 50.9% YoY to about 0.29 million sq m.

For the first two months of 2026, cumulative gross contracted sales reached roughly RMB21.70 billion, down 13.5% from the prior-year period, while contracted GFA slid 38.9% to around 0.66 million sq m.

Recurring revenue in February increased 7.1% YoY to approximately RMB4.54 billion. Within this figure, rental income from the investment property segment rose 17.1% YoY to about RMB3.19 billion.

Cumulatively for January–February 2026, recurring revenue totaled approximately RMB9.05 billion, up 7.9% YoY. Rental income contributed RMB6.30 billion, registering a 15.4% YoY gain.

The disclosed figures are based on internal management records and may differ from the audited and unaudited financial statements to be released in the company’s half-year and annual reports.

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