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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