China Resources Land reports mixed July operating figures

China Resources Land achieved gross contracted sales of RMB13.30 billion in July 2025, down 14.2% year-on-year. For the first seven months, gross contracted sales reached RMB123.60 billion, marking an 11.8% decrease.

However, the company's recurring revenue in July rose 7.0% year-on-year to RMB4.17 billion, with rental income from investment properties increasing 12.2% to RMB2.68 billion. Cumulative recurring revenue for the first seven months reached RMB28.78 billion, up 7.9% year-on-year.