Ge Long Hui·2025-11-06 09:14Core Viewpoint - China Overseas Development (00688.HK) reported a significant decline in contract property sales for October 2025, with a year-on-year decrease of 55.1% in sales amount and 40.0% in sales area [1] Sales Performance - In October 2025, the contract property sales amount was approximately RMB 18.661 billion, with a sales area of about 871,600 square meters [1] - From January to October 2025, the cumulative contract property sales amount reached approximately RMB 189.165 billion, reflecting a year-on-year decline of 21.3%, while the cumulative sales area was about 8.454 million square meters, down 6.9% year-on-year [1] - As of October 31, 2025, the company recorded recognized property sales of approximately RMB 2.926 billion, expected to convert into contract property sales in the coming months [1] Land Acquisition - In October 2025, the group acquired three new land parcels in Guangzhou, Shanghai, and Shijiazhuang, with a total equity construction area of approximately 395,100 square meters and an equity land price of about RMB 7.073 billion [1] - From January to October 2025, the cumulative new land acquisition amounted to an equity construction area of approximately 4.0288 million square meters and a cumulative equity land price of about RMB 83.707 billion [1] - Additionally, in October 2025, China Overseas Hongyang Group acquired a land parcel in Yangzhou, Jiangsu Province, with an equity construction area of approximately 94,500 square meters and an equity land price of about RMB 403 million [1]