China Resources Land's Contracted Sales Slip 13% in March

MT Newswires Live

Apr 15, 2025

China Resources Land (HKG:1109) recorded contracted sales and a gross floor area (GFA) of around 26.1 billion yuan and 906,000 square meters in March, down 13% and 28% from a year prior, a Monday filing with the Hong Kong bourse stated.

Gross contracted sales for the first quarter rose by 0.9% to 51.2 billion yuan, while GFA fell by 12% to nearly 2 million square meters.

Recurring revenue in March rose by 8.5% to approximately 4 billion yuan. Of this, rental income from the investment property business was 2.57 billion yuan, 12% higher than the prior year.

For the first three months of 2025, recurring revenue increased by 11% to roughly 12.4 billion yuan, with rental income from the investment property business rising 13% to 8.03 billion yuan.

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Of this, rental income from the investment property business was 2.57 billion yuan, 12% higher than the prior year.</p><p>For the first three months of 2025, recurring revenue increased by 11% to roughly 12.4 billion yuan, with rental income from the investment property business rising 13% to 8.03 billion yuan.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01109","symbol_name":"华润置地","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2527321774","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2527321774","pubTimestamp":1744697702,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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