Zhi Tong Cai Jing·2025-12-04 09:35Core Viewpoint - China Overseas Development (00688) reported a significant decline in contract property sales for November 2025, with a year-on-year decrease of 26.0% in sales amount and 29.8% in sales area [1] Sales Performance - In November 2025, the contract property sales amount was approximately RMB 22.235 billion, with a sales area of about 774,400 square meters [1] - From January to November 2025, the cumulative contract property sales amount reached approximately RMB 211.399 billion, reflecting a year-on-year decline of 21.8%, while the cumulative sales area was about 9.2284 million square meters, down 9.4% year-on-year [1] - As of November 30, 2025, the company achieved recognized property sales of approximately RMB 5.068 billion, 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 building area of approximately 203,800 square meters and an equity land price of about RMB 4.31 billion [1] - From January to November 2025, the group added a cumulative equity building area of approximately 4.2326 million square meters, with a total equity land price of about RMB 88.017 billion [1] - Additionally, in November 2025, China Overseas Hongyang acquired a land parcel in Lanzhou, Gansu Province, with an equity building area of approximately 150,300 square meters and an equity land price of about RMB 390 million [1]