CHINA OVERSEAS(HK:00688) Sou Hu Cai Jing·2025-11-07 01:15Core Viewpoint - China Overseas Development reported a significant decline in property sales and new land acquisitions for the period ending October 31, 2025, indicating challenges in the real estate market [1] Group 1: Property Sales Performance - For the ten months ending October 2025, the company achieved a contract property sales amount of approximately RMB 18.661 billion, representing a year-on-year decrease of 55.1% [1] - The corresponding sales area was approximately 871,600 square meters, down 40.0% year-on-year [1] - Cumulatively from January to October 2025, the company recorded contract property sales of approximately RMB 189.165 billion, with a sales area of about 8.454 million square meters, reflecting year-on-year declines of 21.3% and 6.9% respectively [1] Group 2: Property Sales Conversion - As of October 31, 2025, the company recorded recognized property sales of approximately RMB 2.926 billion, which is expected to convert into contract property sales in the coming months [1] Group 3: Land Acquisition - In October 2025, the company, along with its subsidiaries, acquired three land parcels in Guangzhou, Shanghai, and Shijiazhuang, with a total equity building 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 group accumulated new land acquisitions totaling an equity building area of approximately 4.0288 million square meters and an equity land price of approximately RMB 83.707 billion [1]