China Overseas Land & Investment (HK:0688) has released an update.
China Overseas Land & Investment Limited reported a significant drop in property sales for the nine months ending September 2024, with a 33% year-on-year decrease in September alone, and an overall decrease of 16.8% in contracted sales reaching RMB198.848 billion. The sales area also saw a decline, with a 26.1% reduction compared to the previous year. Despite the downturn, the company anticipates additional contracted sales based on current subscriptions.
For further insights into HK:0688 stock, check out TipRanks’ Stock Analysis page.
