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China Overseas Grand Oceans' Contracted Sales Rise 10% in August

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China Overseas Grand Oceans (HKG:0081) recorded a 10% increase in contracted sales to around 2.35 billion yuan in August.

Contracted gross floor area (GFA) declined 2% year on year to 199,100 square meters in the reporting month, according to a Friday filing on the Hong Kong exchange.

The company acquired five new projects in August with a total GFA of 634,770 square meters for a combined land cost of 2.62 billion yuan.

For the eight months ended Aug. 31, it acquired projects totaling 1.28 million square meters for 5.25 billion yuan.

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