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China Resources Land reports YOY increase in November sales

China Resources Land Ltd. and its subsidiaries posted a year-over-year increase in November sales, amounting to approximately 8.12 billion Chinese yuan, from approximately 6.09 billion yuan.

The contracted gross floor area for the latest month spanned roughly 601,600 square meters.

Between January and November, meanwhile, the company's contracted sales rose 27%, to 99.01 billion yuan year over year. Contracted gross floor area for the 11-month period also increased 17%, to 7,155,700 square meters.

Rental income from investment properties in November amounted to HK$618 million, while the same income source during the first 11 months increased 11%, to HK$6.46 billion year over year.

As of Dec. 12, US$1 was equivalent to 6.92 Chinese yuan.