China Resources Land Sees April Sales Surge and Strong Rental Growth

China Resources Land ( (HK:1109) ) just unveiled an update.

China Resources Land reported that in April 2026 it achieved gross contracted sales of about RMB25.88 billion on 0.594 million square meters of gross floor area, with sales value jumping 49.6% year on year even as volume was broadly flat. For the first four months of 2026, contracted sales reached approximately RMB70.00 billion on 1.843 million square meters, reflecting modest growth in value but a sharp decline in area sold, highlighting a shift toward higher-priced projects or mix changes in its development portfolio.

The group’s recurring revenue in April rose 7.0% year on year to roughly RMB4.23 billion, driven by an 11.3% increase in rental income from investment properties to RMB2.85 billion, and cumulative recurring revenue for the first four months climbed 7.4% to RMB17.57 billion, with rental income up 13.3% to RMB12.00 billion. These figures underscore the growing contribution of the company’s investment property and rental business to earnings resilience, though management cautioned that the unaudited data may be subject to change and should not be seen as a definitive indicator of future performance.

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 Hong Kong-listed property developer incorporated in the Cayman Islands, operating through subsidiaries across mainland China. The group focuses on residential property sales and investment properties, including commercial projects that generate recurring rental income.

Average Trading Volume: 17,907,980

Technical Sentiment Signal: Buy

Current Market Cap: HK$262.1B

See more data about 1109 stock on TipRanks’ Stock Analysis page.