China Overseas Land Logs 27.3 Billion Yuan in May Contracted Sales

MT Newswires Live06-04 20:10

China Overseas Land & Investment (HKG:0688) recorded contracted sales of around 27.3 billion yuan in May, up 14% from a year prior, according to a Thursday Hong Kong bourse filing.

The property firm's sales area in the month rose 11% to approximately 905,500 square meters.

For the five months ended May 31, contracted sales jumped 14% to 103 billion yuan, while sales area fell 6% to over 3.5 million square meters.

As of May 31, the firm logged subscribed property sales of about 11.5 billion yuan.

New land holdings for the month comprised two land parcels in Zhuhai and Suzhou with an attributable gross floor area of approximately 110,843 square meters and a land premium of 2.49 billion yuan.

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