China Overseas Land & Investment (HKG:0688) recorded contracted property sales and sales area of around 21.2 billion yuan and 947,100 square meters in March, down 49% and 8.5%, respectively, from a year prior, a Monday filing with the Hong Kong bourse said.

In the first quarter of 2025, contracted property sales fell by 23% to roughly 46.4 billion yuan, while gross floor area (GFA) rose by 8.4% to nearly 2.2 million square meters.

As of March 31, subscribed property sales stood at approximately 7.729 billion yuan.

In March, the property company acquired five land parcels in Shenyang, Beijing, Xiamen, Jinan, and Hangzhou with an attributable GFA of around 845,731 square meters.