Ge Long Hui·2025-10-10 09:21Core Viewpoint - China Overseas Development (00688.HK) reported a year-on-year increase of 7.2% in contract property sales amounting to approximately RMB 20.173 billion for September 2025, despite a 3.7% decrease in sales area [1] Group 1: Sales Performance - For the period from January to September 2025, the cumulative contract property sales amounted to approximately RMB 170.504 billion, reflecting a year-on-year decline of 14.3% [1] - The corresponding cumulative sales area for the same period was approximately 7,582,400 square meters, showing a slight year-on-year decrease of 0.6% [1] - As of September 30, 2025, the company recorded recognized property sales of approximately RMB 3.119 billion, expected to convert into contract property sales in the coming months [1] Group 2: Land Acquisition - In September 2025, the company acquired four new land parcels in Shanghai, Qingdao, and Shenyang, with a total equity construction area of approximately 554,410.45 square meters and an equity land price of approximately RMB 21.627 billion [1] - From January to September 2025, the cumulative new land acquisition amounted to an equity construction area of approximately 3,633,709.14 square meters and a cumulative equity land price of approximately RMB 76.634 billion [1] - Additionally, in September 2025, China Overseas Hongyang Group acquired two land parcels in Tangshan, Hebei Province, with an equity construction area of approximately 182,942.00 square meters and an equity land price of approximately RMB 909 million [1]