China Overseas Land Feb. contracted sales 8.46B yuan
TL;DR
China Overseas Land reported February 2024 contracted sales of RMB8.491 billion, down 69.0% year-on-year, with sales area falling 71.4%. Accumulated sales for January-February 2024 were RMB18.995 billion, a 53.2% decline, while subscribed sales of RMB14.675 billion are expected to convert later.
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China Overseas Land Feb. contracted sales 8.46B yuan
China Overseas Land and Investment Limited (0688.HK) reported contracted property sales of RMB8.491 billion for February 2024, representing a year-on-year decline of 69.0%. The corresponding gross floor area (GFA) sold totaled 426,600 square meters, down 71.4% year-on-year. Over the first two months of 2024 (January–February), the company's accumulated contracted sales reached RMB18.995 billion, with a year-on-year decrease of 53.2%, while the total GFA sold was 987,000 square meters, a 55.2% decline.
As of 29 February 2024, the company had recorded subscribed property sales of RMB14.675 billion, expected to convert into contracted sales in subsequent months. In January 2026, the China Overseas Series of Companies reported contracted sales of RMB14.478 billion, a 20.4% year-on-year increase, though the sales area of 516,600 square meters fell 12.9% year-on-year. Separately, the COGO Group (0081.HK) announced January 2026 contracted sales of RMB2.412 billion, with a 9.3% year-on-year rise in sales and a 20.8% increase in GFA.
Land acquisition activity in January 2026 included a project in Taizhou, Jiangsu Province, with a GFA of 86,651 square meters and a land premium of RMB287.39 million. The company emphasized that figures are subject to adjustments due to uncertainties in the investment and sales process.