China Resources Land April sales rise to 17.7b yuan

Business | 15 May 2019 12:30 pm

Property developer China Resources Land (1109) reported today gross contracted sales for April grew by 25.5 percent year-on-year to 17.79 billion yuan, with gross floor area sold of about 1.02 million square meters, up by 30 percent.

Rental income from investment properties increased by 31.2 percent to 937 million yuan.

In April, the company acquired eight sites in Dalian, Suzhou, Shenyang, Harbin and Wenzhou with total gross floor area of 1.44 million sq m. The land premium was 12.46 billion yuan.

Shares of China Resources Land slid by 1.08 percent, or 35 HK cents, to HK$32.15 at break.

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