智通财经网·2025-12-04 09:35Core Viewpoint - China Overseas Development (00688) reported a significant decline in contract property sales for November 2025, indicating ongoing challenges in the real estate market [1] Sales Performance - In November 2025, the contract property sales amount was approximately RMB 22.235 billion, representing a year-on-year decrease of 26.0% - The corresponding sales area was about 774,400 square meters, down 29.8% year-on-year - From January to November 2025, the cumulative contract property sales amounted to approximately RMB 211.399 billion, with a year-on-year decline of 21.8% - The cumulative sales area for the same period was about 9.2284 million square meters, reflecting a decrease of 9.4% [1][1][1] Future Sales Expectations - As of November 30, 2025, the company secured recognized property sales of approximately RMB 5.068 billion, which is expected to convert into contract property sales in the coming months [1] Land Acquisition - In November 2025, the company acquired three new land parcels in Shanghai, Beijing, and Chengdu, with a total equity construction area of approximately 203,800 square meters and an equity land price of about RMB 4.31 billion - From January to November 2025, the group added a cumulative equity construction area of approximately 4.2326 million square meters, with a total equity land price of about RMB 88.017 billion [1][1][1] Additional Land Acquisition - In November 2025, China Overseas Hongyang acquired a land parcel in Lanzhou, Gansu Province, with an equity construction area of approximately 150,300 square meters and an equity land price of about RMB 390 million [1]