State-Owned Developer Bucks Property Slump as Prime-City Strategy Pays Off
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Developer China Overseas Land & Investment Ltd. plans to spend 80 billion yuan to 100 billion yuan on buying land this year. Photo: VCG
China Overseas Land & Investment Ltd.’s contracted sales rose in the first half, bucking a broader property-market decline as the state-owned developer’s focus on prime projects in China’s biggest cities paid off.
The Hong Kong-listed developer and its joint ventures recorded 134.4 billion yuan ($20 billion) in contracted property sales in the first six months of 2026, up 11.8% from a year earlier, according to its interim results announced Wednesday.
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