China Overseas Grand Oceans Group Ltd. Reports June 2025 Property Sales at RMB4.04 Billion with Notable Increase in Contracted GFA

Reuters
07-04
<a href="https://laohu8.com/S/00688">China Overseas</a> Grand Oceans Group Ltd. Reports June 2025 Property Sales at RMB4.04 Billion with Notable Increase in Contracted GFA

China Overseas Grand Oceans Group Ltd. has released its unaudited operating statistics for June 2025, revealing a mix of results for the period. The property contracted sales for the China Overseas Grand Oceans Series of Companies totaled RMB4,042,000,000, with the contracted gross floor area $(GFA)$ reaching 392,100 square meters. This reflects a year-on-year decrease in sales by 0.9% but an increase in GFA by 8.9%. From January to June 2025, the total property contracted sales were RMB16,610,000,000, while the total contracted GFA was 1,472,400 square meters, marking a year-on-year decline of 12.7% in sales and 11.1% in GFA. By the end of June, property subscription sales stood at RMB207,000,000 with a subscription GFA of 19,200 square meters. The Group also expanded its portfolio with the acquisition of two new projects in Hefei, Anhui Province, totaling 259,934 square meters of GFA at a cost of RMB1,631,560,000. From the beginning of the year until the end of June, the Group acquired a cumulative GFA of 1,328,263 square meters, with a total land cost of RMB6,187,040,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Overseas Grand Oceans Group Ltd. published the original content used to generate this news brief on July 04, 2025, and is solely responsible for the information contained therein.

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