China Overseas Logs Nearly 11.9 Billion Yuan in July Contracted Sales

MT Newswires Live
Aug 06

China Overseas Land & Investment (HKG:0688) recorded contracted sales of approximately 11.9 billion yuan in July, down 10% from the year-ago period, a Wednesday Hong Kong bourse filing said.

The property firm's sales area for the month rose 21% year over year to around 660,200 square meters.

In the seven months ended July 31, contracted sales and sales area declined a respective 18% and 3.4% to 132 billion yuan and 5.8 million square meters.

As of July 31, subscribed property sales stood at roughly 7.21 billion yuan.

In July, the firm acquired five land parcels in Shenzhen, Jinan, and Shanghai with an attributable gross floor area of 511,548 square meters and an attributable land premium coming in at 14.9 billion yuan.

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