China Resources Land (HKG:1109) recorded contracted sales of around 32 billion yuan in December 2024, with a gross floor area (GFA) of around 1.3 million square meters, up 52% and 28%, respectively from a year prior, a Tuesday bourse filing said.
Contracted sales and GFA for the full year 2024 fell 15% and 13%, respectively, to around 261.1 billion yuan and 11.3 million square meters, respectively.
In December, recurring revenue was approximately 5.25 billion yuan, up 7.9% from the year-ago period. Of the total, rental income from the investment property business rose by 8.5% to 2.75 billion yuan.
The property developer's recurring revenue reached roughly 48 billion yuan in 2024, up 12% from 2023, with rental income from the investment property wing increasing by 14% to 29.2 billion yuan.
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