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China Overseas Land's Contracted Sales Climb 20% in April

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-- China Overseas Land & Investment (HKG:0688) recorded contracted sales of around 24.2 billion yuan in April, up 20% from a year prior, according to a Friday Hong Kong bourse filing.

The property firm's sales area for the month rose 9% year over year to approximately 802,100 square meters.

In April, new land holdings comprised four land parcels in Xi'an, Haikou, Changsha, and Ji'nan with an attributable gross floor area of around 501,931 square meters and attributable land premium of 3.04 billion yuan.

One new land parcel was also acquired for a development project in Yuen Long District, Hong Kong.

For the four months ended April 30, contracted sales jumped 14% to roughly 75.7 billion yuan, while sales area slipped 11% to 2.6 million square meters.

As of April 30, subscribed property sales stood at about 11.6 billion yuan.

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