China Resources Land sales dip, recurring revenue up

China Resources Land (HKEX: 1109) announced unaudited operating figures for May 2025, revealing mixed performance. Contracted sales for the month reached approximately RMB18.35 billion, reflecting an 11.4% year-on-year decrease, with a 26.6% drop in contracted Gross Floor Area (GFA) to 0.649 million square meters. Over the first five months of the year, contracted sales totaled RMB86.85 billion, down 6.3% compared to the previous year, with a 19.0% decrease in contracted GFA to 3.222 million square meters.