OCT reports mixed November: real estate dips, tourism gains
In November 2025, Shenzhen Overseas Chinese Town Co. experienced a notable downturn in its real estate sales. Contracted sales area decreased by 61% year-on-year to 86,000 square meters, while contracted sales value fell by 65% year-on-year to 1.2 bn yuan. Month-on-month, sales area and value also saw declines of 5% and 8% respectively. For the first eleven months of 2025, cumulative contracted sales area reached 1.071 million square meters, a 31% year-on-year decrease, with total sales value at 15.75 bn yuan, down 33% from the previous year. The company reported no new land acquisitions in November 2025.
Conversely, the tourism sector showed positive growth. In November 2025, the company's cultural tourism enterprises collectively hosted 6.97 million visitors, marking an 8% increase year-on-year. However, the cumulative visitor count for January to November 2025 was 73.98 million, reflecting a 1% decrease compared to the previous year.
The company is actively leveraging the 15th National Games to develop diverse consumption scenarios. Since the opening of the Games, Shenzhen Overseas Chinese Town has introduced special offers to enhance consumer experiences and integrate them with the event's excitement.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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