Financial Wire

China Resources Land's Contracted Sales Slide 14% in March

-- China Resources Land (HKG:1109) recorded contracted sales of 22.42 billion yuan in March, with a gross floor area (GFA) of 594,000 square meters, down 14% and 35%, respectively, from a year prior, according to a Monday Hong Kong bourse filing.

Shares of the property developer gained over 1% in morning trade Tuesday.

In March, recurring revenue rose 7% to approximately 4.28 billion yuan, of which rental income from the investment property business rose 11% to 2.85 billion yuan.

For the first three months of 2026, contracted sales and GFA fell 14% and 37%, to 44.12 billion yuan and 1.249 million square meters, respectively.

For the three months ended March 31, recurring revenue was 13.33 billion yuan, up 7.6% from the prior-year period. Of this, rental income from the investment property business climbed 14% to 9.16 billion yuan.

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