China Resources Land reports 27% June sales decline

China Resources Land's gross contracted sales dropped 26.7% year-on-year to RMB23.45 billion in June 2025, with contracted floor area down 27.1% to 0.897 million square meters.

For the first half of 2025, gross contracted sales fell 11.6% to RMB110.30 billion, while contracted floor area declined 21.0% to 4.119 million square meters.

However, the company's recurring revenue remained flat at RMB4.16 billion in June, with rental income from investment properties rising 8.6% to RMB2.59 billion. First-half recurring revenue increased 8.0% to RMB24.60 billion.