CHINA OVERSEAS (00688) Reports RMB189.165 Billion in Contracted Property Sales for First 10 Months, Down 21.3% YoY

Stock News11-06

CHINA OVERSEAS (00688) announced that in October 2025, the contracted property sales of the China Overseas series companies amounted to approximately RMB18.661 billion, representing a year-on-year decline of 55.1%. The corresponding sales area was about 871,600 square meters, down 40.0% YoY. From January to October, the cumulative contracted property sales of the China Overseas series companies reached approximately RMB189.165 billion, while the total sales area was around 8.454 million square meters, reflecting YoY decreases of 21.3% and 6.9%, respectively.

As of October 31, 2025, the China Overseas series companies secured subscribed property sales of approximately RMB2.926 billion, which are expected to be converted into contracted sales in the coming months. In October 2025, the company acquired three new land parcels in Guangzhou, Shanghai, and Shijiazhuang, with a total attributable gross floor area (GFA) of about 395,089.81 square meters and an attributable land premium of approximately RMB7.073 billion. From January to October 2025, the group added a cumulative attributable GFA of around 4,028,798.95 square meters, with a total attributable land premium of about RMB83.707 billion.

Additionally, in October 2025, China Overseas Grand Oceans acquired a new land parcel in Yangzhou, Jiangsu Province, with an attributable GFA of approximately 94,532.00 square meters and an attributable land premium of RMB403 million.

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The corresponding sales area was about 871,600 square meters, down 40.0% YoY. From January to October, the cumulative contracted property sales of the China Overseas series companies reached approximately RMB189.165 billion, while the total sales area was around 8.454 million square meters, reflecting YoY decreases of 21.3% and 6.9%, respectively.\nAs of October 31, 2025, the China Overseas series companies secured subscribed property sales of approximately RMB2.926 billion, which are expected to be converted into contracted sales in the coming months. In October 2025, the company acquired three new land parcels in Guangzhou, Shanghai, and Shijiazhuang, with a total attributable gross floor area (GFA) of about 395,089.81 square meters and an attributable land premium of approximately RMB7.073 billion. From January to October 2025, the group added a cumulative attributable GFA of around 4,028,798.95 square meters, with a total attributable land premium of about RMB83.707 billion.\nAdditionally, in October 2025, China Overseas Grand Oceans acquired a new land parcel in Yangzhou, Jiangsu Province, with an attributable GFA of approximately 94,532.00 square meters and an attributable land premium of RMB403 million.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1189236254","isCrawlerRequest":true}