China Overseas Land & Investment (HK:0688) has released an update.
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China Overseas Land & Investment reported a strong performance in November 2024, with contracted property sales reaching approximately RMB30.028 billion, marking a 30.9% increase year-on-year. Despite this monthly growth, the overall performance from January to November 2024 showed a slight decline, with total sales down by 5.8% compared to the previous year. The company also noted a significant volume of subscribed property sales that are expected to convert into contracted sales soon, signaling potential future growth.
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