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China Overseas Land Sept sales fall 18% y-o-y

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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