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China Resources Land's September sales rise YOY

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China Resources Land's September sales rise YOY

China Resources Land Ltd. and its subsidiaries' contracted sales for September climbed to approximately 8.35 billion Chinese yuan from about 6.92 billion yuan year over year.

The sales figure for September corresponded to about 709,000 square meters of contracted gross floor area. Rental income from investment properties in the same month amounted to about HK$578 million.

The group also acquired 100% interests in four land parcels in China with 1,143,723 square meters of total gross floor area for an attributable land premium of about 8.49 billion yuan.

The projects are the Economic Development Zone No.7 Street Residential Project in Zhengzhou, the Normal University Commercial and Residential Project in Taiyuan, the IKEA East Residential Project in Wuxi and the Huanggu District Qingcheng Mountain Street Residential Project in Shenyang.

As of Oct. 11, US$1 was equivalent to 6.73 Chinese yuan.