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China Overseas Land's May contracted sales grow YOY to HK$26.73B

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China Overseas Land's May contracted sales grow YOY to HK$26.73B

Hong Kong-listed diversified property developer China Overseas Land & Investment Ltd. saw its contracted sales in May increased on an annual basis to roughly HK$26.73 billion from nearly HK$20.53 billion.

The company, together with its subsidiaries, joint ventures and associates, contracted approximately 1,455,000 square meters of property during the reporting month to achieve the 2018 sales figure.

In the first five months of 2018, China Overseas Land's contracted sales were estimated at HK$112.71 billion, representing gross floor sales area of about 6,173,900 square meters. During the same time frame, the company acquired 21 land parcels in China with a total gross floor area of 6,250,738.61 square meters for about 31.92 billion yuan.

As of June 6, US$1 was equivalent to 6.39 Chinese yuan.