China Resources Land sales plummet 51% in October, recurring revenue up

China Resources Land Limited and its subsidiaries experienced a substantial drop in gross contracted sales for October 2025. The company achieved approximately 15.20 billion yuan in contracted sales with a gross floor area (GFA) of approximately 0.681 million square meters, representing a year-on-year (YoY) decrease of 51.0% and 46.8% respectively. For the first ten months of 2025, cumulative gross contracted sales reached approximately 169.60 billion yuan with a GFA of approximately 6.410 million square meters, down 16.6% and 27.4% YoY.

Despite the downturn in sales, the group's recurring revenue showed positive growth. In October 2025, recurring revenue was approximately 4.33 billion yuan, an increase of 3.0% YoY. Rental income from investment property business contributed 2.94 billion yuan, marking a significant 16.8% YoY rise.

Cumulatively for the first ten months, recurring revenue reached approximately 41.48 billion yuan, up 7.2% YoY. Within this, the cumulated rental income from investment property business amounted to 27.10 billion yuan, an increase of 13.0% YoY. The company notes that these preliminary figures are subject to change as they are derived from internal management records.