HONG KONG: China Overseas Land & Investment Ltd, the country's largest property developer by market value, said sales in September totalled HK$6.6 billion (RM2.67 billion), down 18% from a year earlier.
The fall marked a second consecutive year-on-year decline in monthly sales revenue.
Property sales in the first nine months totalled HK$71.3 billion, an increase of 54.7% from a year earlier, according to a statement on the developer's website.
The company's shares were up 0.96% at the midday trading break against a 0.63% gain in the benchmark Hang Seng Index. — Reuters
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