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China Resources' September contracted sales jump 52.7% YOY

China Resources Land Ltd. logged a 52.7% year-over-year jump in its gross contracted sales for the month ended Sept. 30 to roughly 21.70 billion yuan from 12.65 billion yuan.

The September amount translates to approximately 1,121,663 square meters of contracted sales area, out of which about 1,046,969 square meters were from projects operated by the group.

For the first nine months of 2018, the real estate developer accumulated approximately 156.39 billion yuan worth of contracted sales, representing 8,700,008 square meters of contracted floor area.

Rental income from investment properties during the reporting month, meanwhile, increased 39.4% year on year to 895 million yuan. The company's rental income for the first nine months of 2018 grew 29.5% hike on an annual basis to nearly 6.90 billion yuan.

As of Oct. 15, US$1 was equivalent to 6.92 yuan.