China Resources Land (HKG:1109) recorded contracted sales and a gross floor area (GFA) of around 25.9 billion yuan and 594,000 square meters in April, respectively, up 50% and down 0.1% from the year-ago period, according to a Tuesday Hong Kong bourse filing.
Recurring revenue for the month jumped 7% year over year to roughly 4.23 billion yuan. Of the total, rental income from the investment property rental business climbed 11% to 2.85 billion yuan.
For the four months ended April 30, the property developer's contracted sales rose 2.2% to approximately 70 billion yuan, while GFA slipped 28% to 1.8 million square meters.
Recurring revenue for the period increased 7.4% to 17.6 billion yuan, of which rental income from the investment property rental business jumped 13% to 12 billion yuan.