China Overseas Land & Investment Reports YTD Contracted Sales of RMB165.45 Billion; Adds RMB26.76 Billion in August Land Bank

Bulletin Express
Sep 04

China Overseas Land & Investment Limited (China Overseas) released operating data for the eight months ended 31 August 2026, highlighting solid year-to-date (YTD) sales momentum despite softer August figures and continued land-bank expansion in core Chinese cities and Hong Kong.

Contracted Sales • August 2026: The China Overseas Series of Companies generated contracted sales of RMB15.98 billion, down 12.8% year on year, with a sales area of 0.51 million sq m, a 42.4% decline. • January–August 2026: Cumulative contracted sales reached RMB165.45 billion, up 10.1% versus the prior-year period, while cumulative sales area fell 16.5% to 5.57 million sq m. • Subscribed but not yet recognised sales stood at RMB10.29 billion as at 31 August 2026, providing visibility for coming months.

Entity Breakdown (August) • The Company and its subsidiaries contributed RMB12.71 billion of sales and 0.30 million sq m of area. • Joint ventures and associates (excluding China Overseas Grand Oceans Group, COGO) added RMB0.92 billion and 0.013 million sq m. • COGO delivered RMB2.35 billion and 0.20 million sq m.

Land Acquisition Activity Group (excluding COGO) • In August 2026, the Group secured five plots in Beijing, Hong Kong, Ningbo and Shanghai, adding 0.97 million sq m of attributable gross floor area (GFA) at a cost of RMB26.76 billion. • Key transactions included a 0.64 million sq m site in Shanghai’s Putuo District (RMB15.02 billion) and a 0.14 million sq m parcel in Beijing’s Chaoyang District (RMB8.40 billion). • YTD, the Group’s attributable new land bank totals 2.38 million sq m with land premiums of RMB48.36 billion.

COGO • The COGO Group acquired five parcels across Jiangsu, Jiangxi, Guangxi, Anhui and Zhejiang in August, securing 0.63 million sq m of attributable GFA for RMB2.62 billion.

Financial Implications The August land purchases signal continued commitment to tier-one and high-growth regional markets, while YTD sales growth of 10.1% underscores resilient demand for China Overseas’ projects. The sizeable subscribed sales backlog of RMB10.29 billion provides additional revenue coverage for subsequent periods.

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