China Overseas Land & Investment (HK:0688) has released an update.
China Overseas Land & Investment Ltd. reported a significant dip in their property sales for May 2024, with a 32.9% decline in revenue and a 12.0% drop in sales area compared to the previous year. The five-month period ending in May saw a 30.8% decrease in sales revenue and a 40.4% reduction in sales area year-on-year. Despite this downturn, the company anticipates converting approximately RMB16.327 billion in subscribed sales into contracted sales in the coming months.
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