China Overseas Land & Investment (HK:0688) has released an update.
China Overseas Land & Investment reported significant growth in October 2024, with property sales reaching approximately RMB41.589 billion, marking a 66% increase year-on-year. Despite this boost, the accumulated sales from January to October showed a decline, with a 9% decrease compared to the previous year. The company’s future outlook appears promising with nearly RMB17.939 billion in subscribed sales expected to convert into contracts soon.
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