China Merchants Land (HKG:0978) recorded contracted sales and a sales area of around 9.57 billion yuan and 273,582 square meters in the third quarter of 2025, up 15% and down 36%, respectively, from a year prior, an Oct. 24 Hong Kong bourse filing said.

Shares of the property firm were down nearly 2% in Monday afternoon trading.

The firm's average selling price for the three months increased 79% to approximately 34,978 yuan per square meter.

For the nine months ended Sept. 30, contracted sales and sales area reached roughly 25.7 billion yuan and 994,540 square meters, down 8.4% and 23% year over year, respectively.