CHINA OVERSEAS (00688) Reports Cumulative Contract Property Sales of Approximately RMB 150.331 Billion in First 8 Months, Down 16.5% YoY

Stock News
Sep 04

CHINA OVERSEAS (00688) announced that in August 2025, the China Overseas group companies recorded contract property sales of approximately RMB 18.33 billion, representing a year-on-year decline of 0.7%, while the corresponding sales area was approximately 888,500 square meters, up 27.7% year-on-year.

For the period from January to August 2025, China Overseas group companies achieved cumulative contract property sales of approximately RMB 150.331 billion, with corresponding cumulative sales area of approximately 6.6685 million square meters, down 16.5% and 0.2% year-on-year respectively.

Additionally, as of August 31, 2025, China Overseas group companies secured subscribed property sales of approximately RMB 5.363 billion, which are expected to be converted into contract property sales in the coming months.

In August 2025, the company and/or its subsidiaries did not acquire any land parcels. However, during the same period, China Overseas Grand Ocean (together with its subsidiaries, collectively known as "China Overseas Grand Ocean Group") acquired a land parcel in Huizhou City, Guangdong Province, with an equity construction area of approximately 179,500 square meters. The China Overseas Grand Ocean Group's equity land premium for this land acquisition was approximately RMB 622 million.

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