China Overseas Grand Oceans Logs 83% Jump in December Contracted Sales

MT Newswires Live

Jan 07, 2025

China Overseas Grand Oceans Group (HKG:0081) recorded contracted sales of around 4.58 billion yuan in December 2024, up 83% from a year prior, a Tuesday bourse filing stated.

The real estate developer sold a gross floor area of 385,600 square meters, an increase of 92% year over year.

The builder acquired five new projects in December with a total GFA of 486,538 square meters and a total land cost of nearly 1.69 billion yuan.

For the entire 2024, contracted sales and GFA fell by 6.3% and 1.4% to 40.1 billion yuan and 3.5 million square meters, respectively.

As of Dec. 31, 2024, property subscription sales stood at 386 million yuan, with a subscription GFA of 34,200 square meters.

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