trending Market Intelligence /marketintelligence/en/news-insights/trending/cfxtv5mje0g1vbzrg2nasg2 content esgSubNav
In This List

China Overseas Land logs YOY rise in September sales

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise


China Overseas Land logs YOY rise in September sales

China Overseas Land & Investment Ltd.'s contracted property sales for September totaled approximately HK$26.38 billion, up from the HK$20.68 billion recorded a year ago.

The property company, along with its subsidiaries, joint venture and associates, sold approximately 1,390,000 square meters of property during the month, an increase from the year-ago figure of 1,254,000 square meters.

For the nine months ended Sept. 30, the group's contracted property sales totaled about HK$226.43 billion, a jump from HK$183.64 billion a year earlier. The contracted sales figure translates to approximately 12,317,600 square meters. As at Sept. 30, the group's subscribed property sales amounted to approximately HK$39.70 billion.

For September, China Overseas, along with its units, agreed to pay approximately 7.14 billion yuan to purchase five land parcels totaling roughly 1,352,570 square meters in China. The company said one of the parcels will be developed as a cooperation project.

As of Oct. 5, US$1 was equivalent to 6.87 yuan.