CR Land’s sales rise 5% in first half of 2026 despite property downturn
Real estate developer China Resources Land Ltd. (1109.HK) reported that its cumulative sales reached about 116.5 billion yuan ($17.18 billion) in the first half of 2026, up 5.6% year over year. In June alone, its sales totaled around 22.99 billion yuan across a gross floor area of 799,000 square meters, down 2% and 11%, respectively, year-on-year.
CR Land’s investment properties delivered strong results for the latest month. Rental income in June totaled 2.87 billion yuan, up 10.7% from a year earlier. Over the first six months of the year, the company’s cumulative rental income totaled 17.87 billion yuan, up 12.6% year-over-year.
Shares of CR Land opened down 2% at HK$32.06 on Tuesday. The stock is down 17% from its 52-week high.
By Lau Chi Hang
To subscribe to Bamboo Works weekly free newsletter, click here
Related Articles
RELATED ARTICLES
-
Two years after its debt crisis, China property exposure still haunts Fosun
-
Yuexiu Property acquires Guangzhou land site for $203 million
0123.HK
-
Struggling Shimao looks on as creditors move in on its trophy Hong Kong hotel
0813.HK
-
Dtech profit rises fourfold in first half of 2026
1377.HK301377.SHE
- Country Garden peeks out from the shadow of death
-
BRIEF: Flat Glass profits, revenue slump on PV downturn
6865.HK601865.SHG
