China Resources Land's (HKG:1109) gross contracted sales increased 12.4% year on year to 31 billion yuan in October, according to a Wednesday filing with the Hong Kong Exchange.

Sold gross floor area jumped 20.8% on year to 1.3 million square meters, while recurring revenue during the month increased 17.3% year on year to 4.21 billion yuan.

For the 10 months ended Oct. 31, the company recorded gross contracted sales of 203.3 billion yuan with a contracted gross floor area of 8.8 million square meters, reflecting decreases of 22.4% and 19.6% year on year, respectively. The recurring revenue for the 10 months came in at 38.7 billion yuan, up 13.1% year on year.

The property developer's shares were down over 1% in recent trade.