China Overseas Grand Oceans Group (HKG:0081) recorded property contracted sales of around 2.56 billion yuan in March, down 24% from a year prior, a Monday Hong Kong bourse filing said.

Contracted gross floor area (GFA) for the month fell by 25% year over year to 234,300 square meters.

For the three months ended March 31, contracted sales and GFA fell by 13% and 16%, respectively, to roughly 6.93 billion yuan and 598,400 square meters.

As of March 31, property subscription sales and GFA reached 492 million yuan and 40,700 square meters, respectively.

In March, the property firm acquired a new project in Hefei, Anhui Province, with a total GFA of 113,930 square meters and a total land cost of a little over 1.11 billion yuan.