China Merchants Land Logs 15% Boost in Q3 Contracted Sales
MT Newswires Live
Oct 27
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.
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