China Resources Land (HKG:1109) gross contracted sales increased 6.9% year on year to 25.8 billion yuan in November, according to a Thursday filing with the Hong Kong Exchange.
Sold gross floor area rose 11.1% on year to 1.2 million square meters, while recurring revenue during the month increased 11.7% year on year to 4.09 billion yuan.
For the 11 months ended Nov. 30, the company recorded gross contracted sales of 229.1 billion yuan with a contracted gross floor area of 10.0 million square meters, reflecting decreases of 19.9% and 16.8% year on year, respectively.
The recurring revenue for the 11 months came in at 42.79 billion yuan, up 13% year on year.
The property developer's shares were down by more than 3% in recent trade.
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