China Overseas Grand Oceans Group's (HKG:0081) July contracted sales and gross floor area (GFA) fell 8.6% and 12% to 2.04 billion yuan and 188,700 square meters, respectively, a late Wednesday Hong Kong bourse filing said.

Shares of the property firm were up nearly 2% in Thursday afternoon trading.

In the seven months ended July 31, contracted sales and GFA reached a respective 18.6 billion yuan and 1.7 million square meters, down 12% and 11% from a year prior.

Subscription sales as of July 31 reached 332 million yuan, while GFA was 28,000 square meters.

The firm acquired a new project in Baotou, Inner Mongolia Autonomous Region, in July with a total GFA of 156,904 square meters and the total land cost was 291 million yuan.