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The cumulative contract property sales amount for the first 7 months of China Overseas Development (00688) was about 149.470 billion yuan, up 13.2% year-on-year

Zhitongcaijing·08/06/2026 09:33:08
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According to Zhitong Finance App, China Overseas Development (00688) announced that in July 2026, the contract property sales amount of China's overseas affiliated companies was about RMB 15.119 billion, up 27.6% year-on-year; the corresponding sales area was about 556,600 square meters, down 16.6% year on year. Details of the contract property sales amount and corresponding sales area are shown in list 1 below.

From January to July 2026, the cumulative contract property sales amount of China's overseas affiliated companies was about RMB 149.470 billion, an increase of 13.2% year-on-year; the corresponding cumulative sales area was about 5.0534 million square meters, a decrease of 12.6% year-on-year.

Furthermore, as of July 31, 2026, China's overseas affiliates recorded sales of approximately RMB 13.855 billion in subscribed businesses, which are expected to be converted into contract property sales within the next few months.

In July 2026, the Company (together with its subsidiaries (collectively referred to as the “Group”)) added five plots of land covering Shenzhen, Taiyuan, Beijing and Hong Kong, with an equity construction area of about 663,200 square meters and an equity land price of approximately RMB 13.942 billion. From January to July 2026, the Group added a total land equity construction area of about 1,4079 million square meters, and a cumulative equity land price of about RMB 21.603 billion.

Furthermore, in July 2026, CNOOC Hongyang (together with its subsidiaries (collectively known as “China Overseas Hongyang Group”)) added land to cover a plot of land in Huizhou City, Guangdong Province, with an equity construction area of about 161,300 square meters and an equity land price of about RMB 549 million.