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China Resources Land's contracted sales grow YOY in November to 17.53B yuan

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China Resources Land's contracted sales grow YOY in November to 17.53B yuan

China Resources Land Ltd.'s contracted sales in November amounted to approximately 17.53 billion yuan, up by 28.7% from the roughly 12.08 billion yuan recorded in the prior-year period.

The unaudited sales figure for the reporting month represents a gross floor area of about 1,210,678 square meters, according to a news release.

The Hong Kong-listed Chinese developer also said its rental income from investment properties increased by 24.5% year over year during the comparable period to approximately 833 million yuan, while for the first 11 months of 2018 its rental income from investment properties grew 29.8% on an annual basis to nearly 8.56 billion yuan.

As of Dec. 12, US$1 was equivalent to 6.88 yuan.