China Resources Land sees August sales decline, recurring revenue rises

For the month ended August 31, 2025, China Resources Land Limited and its subsidiaries achieved gross contracted sales of approximately RMB13.20 billion, with a contracted gross floor area (GFA) of approximately 0.539 million square meters. This marks a year-over-year (YoY) decrease of 13.2% in sales and 26.7% in contracted GFA. For the first eight months of 2025, cumulative gross contracted sales reached approximately RMB136.80 billion, with a contracted GFA of approximately 5.120 million square meters, down 12.0% and 23.3% YoY respectively.

Despite the decline in sales, the group's recurring revenue for August 2025 was approximately RMB4.27 billion, marking a 6.8% YoY increase. Rental income from investment property business specifically grew by 13.9% YoY to RMB2.84 billion.

Cumulatively for the first eight months of the year, total recurring revenue reached approximately RMB33.05 billion, up 7.7% YoY. Within this, the cumulated rental income from investment property business amounted to RMB21.40 billion, an increase of 12.4% YoY.