China Resources Land Q1 Sales Slide as Rental Income Strengthens

China Resources Land ( (HK:1109) ) has shared an update.

China Resources Land reported that in March 2026 its group gross contracted sales fell 14.1% year-on-year to about RMB22.42 billion, with contracted gross floor area dropping 34.5% to 0.594 million square metres. For the first quarter, contracted sales declined 13.8% to RMB44.12 billion and contracted area slid 36.9% to 1.249 million square metres, underscoring continuing pressure on its development business amid a weak Chinese housing market.

In contrast, the company’s recurring revenue engine is strengthening, with March recurring revenue up 7.0% year-on-year to roughly RMB4.28 billion, including an 11.0% rise in rental income to RMB2.85 billion. Cumulative recurring revenue for the first three months climbed 7.6% to RMB13.33 billion, driven by a 14.0% increase in rental income to RMB9.16 billion, highlighting the group’s strategic shift toward more stable, rental-based income streams even as it cautioned that these unaudited figures are preliminary and subject to change.

The most recent analyst rating on (HK:1109) stock is a Buy with a HK$34.90 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.

More about China Resources Land

China Resources Land Limited is a mainland China-focused property developer and operator listed in Hong Kong, with core businesses spanning residential contracted sales and investment property rentals. The group generates a growing stream of recurring revenue from its investment properties, positioning itself as a major player in China’s commercial real estate rental market alongside its traditional development activities.

YTD Price Performance: 8.16%

Average Trading Volume: 19,745,115

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$209.8B

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