China Overseas Grand Oceans Posts Strong April Sales and Selective Land Expansion

China Overseas Grand Oceans Group Limited ( (HK:0081) ) has shared an update.

China Overseas Grand Oceans reported robust sales momentum in April 2026, with property contracted sales reaching RMB3.34 billion and contracted gross floor area of 285,300 square meters, representing year-on-year growth of around 27%. For the first four months of 2026, cumulative contracted sales climbed to RMB11.43 billion on 975,900 square meters, up nearly 20% in value and 19% in area, while subscription sales at the end of April totaled RMB618 million over 47,500 square meters.

On the investment side, the group did not buy any new land in April but had earlier secured a Taizhou Medical High Tech Zone project, adding 86,651 square meters of GFA at a land cost of RMB287.39 million. From January to April 2026, it also acquired the remaining equity in two cooperative projects in Hefei for about RMB104.1 million, signaling continued selective expansion despite a cautious stance on land banking and providing investors with preliminary, unaudited operating indicators for the period.

The most recent analyst rating on (HK:0081) stock is a Buy with a HK$2.65 price target. To see the full list of analyst forecasts on China Overseas Grand Oceans Group Limited stock, see the HK:0081 Stock Forecast page.

More about China Overseas Grand Oceans Group Limited

China Overseas Grand Oceans Group Limited is a Hong Kong-incorporated property developer focused on residential and related real estate projects in mainland China. The group operates through subsidiaries, associates and joint ventures, collectively forming the China Overseas Grand Oceans Series of Companies, with activities spanning property development, sales and land acquisition in various Chinese cities.

Average Trading Volume: 8,778,707

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$10.89B

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