TREE NEWS reports: China Resources Land reported September contracted sales of about RMB15.50 billion, down 11.9% year on year, with contracted sales area of roughly 418,000 square meters, down 31.5%. For the first nine months of 2026, cumulative contracted sales reached about RMB164.60 billion, up 6.6% year on year, while cumulative sales area fell 22.0% to about 4.471 million square meters, the Hong Kong-listed developer said in an exchange filing.
China Resources Land Sept Contract Sales Fall 11.9% to RMB15.5B
AI take
The divergence between cumulative value growth and shrinking area shows the sales mix shifting toward higher-priced, likely more premium-tier projects, which supports average selling prices but narrows the volume base. September's double-digit declines in both value and area suggest momentum weakened into the quarter's end, even as the nine-month total remains ahead of last year. For a state-backed developer, that gap between value and volume is the key signal to watch: whether the cumulative gain holds depends on whether area declines keep outpacing value.
Generated by AI for reference only.
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