China Overseas Land & Investment Reports Robust December Sales Surge

An update from China Overseas Land & Investment ( (HK:0688) ) is now available.

China Overseas Land & Investment Limited reported a significant increase in its contracted property sales for December 2024, reaching approximately RMB40.226 billion, marking a 76.6% year-on-year growth. However, for the entire year of 2024, the accumulated contracted property sales showed a marginal increase of 0.3%, totaling approximately RMB310.691 billion, while the sales area experienced a decrease of 14.0% compared to the previous year. These figures indicate a strong performance in December, but a more moderate annual growth, reflecting the shifting dynamics in the real estate market.

More about China Overseas Land & Investment

China Overseas Land & Investment Limited is a prominent player in the real estate industry, primarily focusing on property development and investment. The company operates through a series of subsidiaries, joint ventures, and associates, collectively referred to as the China Overseas Series of Companies, and is listed on the Hong Kong Stock Exchange.

YTD Price Performance: 2.75%

Average Trading Volume: 7,591

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $17.31B

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