China Resources Land (HK:1109) has released an update.
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China Resources Land reported a notable increase in November 2024 with gross contracted sales reaching approximately RMB25.8 billion, reflecting a 6.9% year-on-year growth. Despite an overall decline in annual sales figures, the company’s rental income from investment properties surged by 12.3% for the month and 14.6% year-to-date. These results demonstrate the company’s robust performance in the rental sector amidst a challenging market environment.
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