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China Resources Land logs 61.7% YOY climb in July contracted sales

China Resources Land Ltd. logged roughly 21.39 billion yuan worth of contracted sales in July, up 61.7% year over year from 10.71 billion yuan.

The current amount represents approximately 788,158 square meters of gross floor area, a 20.1% decline from the 863,268 square meters of properties sold a year earlier.

During the period ended July 31, the Hong Kong-based real estate developer purchased seven land parcels across China for nearly 4.70 billion yuan, covering about 1,273,030 square meters of space.

As of Aug. 14, US$1 was equivalent to 6.88 yuan.