trending Market Intelligence /marketintelligence/en/news-insights/trending/27oF-K8TvhsoYyAvMMBFhQ2 content esgSubNav
In This List

China Resources Land logs 8.60B yuan of March sales

Blog

Infographic: Key questions when assessing an Alternative Investment Funds (AIFs) creditworthiness

Blog

Perspectives from China: Chinese M&A in 2022

Blog

Headwinds slow global M&A in Q2’22

Blog

New Corporate Realities: The Next Generation of Managing Risk and Operations


China Resources Land logs 8.60B yuan of March sales

China ResourcesLand Ltd. and its subsidiaries recorded contracted sales of approximately8.60 billion Chinese yuan in March.

The company said April 8 that the sales figure in March correspondedto around 718,300 square meters of contracted gross floor area. Rental income frominvestment properties amounted to approximately HK$573 million.

In addition, China Resources Land and its subsidiaries acquiredthree land parcels in Foshan, Shenyang and Haikou, China, for an attributable landpremium of around 3.54 billion yuan, according to a separate same-day release.

The acquired projects span a total gross floor area of approximately1,557,825 square meters. The three projects are the Foshan New City Tengchong VillageProject, Shenyang Santaizi No.1 Project and Haikou Longhua District Project.

The company recorded around 8.69 billion yuan of contracted in February.

As of April 8, US$1 wasequivalent to 6.47 Chinese yuan.