According to the Zhitong Finance App, China Resources Land (01109) announced that in March 2024, the group achieved total contract sales of about RMB 30.11 billion and a total contract sales area of about 1.256,000 square meters, a year-on-year decrease of 22.4% and 26.9%, respectively. In the same period, equity contract sales and equity contract sales floor area were about 20.75 billion yuan and 906,600 square meters respectively, decreasing by 29.7% and 32.7% year-on-year, respectively. The cumulative contract sales volume for 2024 was approximately RMB 50.72 billion, and the total contract sales area was about 2.242,800 square meters, a year-on-year decrease of 35.8% and 33.8% respectively.
In March 2024, the investment property achieved rental income of approximately RMB 2.29 billion, an increase of 17.7% year-on-year. The cumulative rental income from investment properties in 2024 was approximately RMB 7.13 billion, an increase of 17.6% year-on-year.