CHINA OVERSEAS (00688) has announced that in July 2026, contracted property sales from its series of companies amounted to approximately RMB 15.119 billion, marking a 27.6% year-on-year increase. The corresponding sales area was about 550,600 square meters, representing a 16.6% year-on-year decline. Details of the contracted property sales amount and corresponding sales area are shown in Table 1 below.
For the period from January to July 2026, the cumulative contracted property sales from the CHINA OVERSEAS series of companies reached approximately RMB 149.47 billion, reflecting a 13.2% year-on-year increase. The corresponding cumulative sales area was about 5.0534 million square meters, down 12.6% year-on-year. Additionally, as of July 31, 2026, the CHINA OVERSEAS series of companies recorded subscribed property sales of approximately RMB 13.855 billion, which are expected to be converted into contracted property sales in the coming months.
In July 2026, the company (together with its subsidiaries, collectively referred to as the "Group") acquired new land parcels covering five plots in Shenzhen, Taiyuan, Beijing, and Hong Kong. The attributable gross floor area of these acquisitions is approximately 663,200 square meters, with an attributable land cost of about RMB 13.942 billion. From January to July 2026, the Group's cumulative attributable gross floor area for newly acquired land was approximately 1.4079 million square meters, with a cumulative attributable land cost of about RMB 21.603 billion. Furthermore, in July 2026, CHINA OVERSEAS Grand Oceans Group (together with its subsidiaries, collectively referred to as the "China Overseas Grand Oceans Group") acquired a land parcel in Huizhou City, Guangdong Province, with an attributable gross floor area of approximately 161,300 square meters and an attributable land cost of about RMB 549 million.
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