China Overseas Development (00688) has released its operational update, revealing that in August 2026, the contracted property sales amount for the China Overseas group of companies stood at approximately RMB 15.983 billion, reflecting a year-on-year decline of 12.8%. The corresponding sales area reached roughly 511,600 square meters, down 42.4% year-on-year.

For the period spanning January to August 2026, the cumulative contracted property sales amount for the China Overseas group reached approximately RMB 165.454 billion, marking a 10.1% increase compared to the same period last year. However, the corresponding cumulative sales area was approximately 5.565 million square meters, representing a 16.5% decline year-on-year.

Additionally, as of August 31, 2026, the group recorded approximately RMB 10.293 billion in subscribed property sales, which are anticipated to be converted into contracted property sales in the coming months.

During August 2026, the company, along with its subsidiaries (collectively referred to as "the Group"), acquired new land parcels across five sites in Beijing, Hong Kong, Ningbo, and Shanghai. The attributable gross floor area for these acquisitions was approximately 972,600 square meters, with an attributable land premium of around RMB 26,760.14 million.

For the cumulative period from January to August 2026, the Group's newly acquired land represented an attributable gross floor area of approximately 2,380,500 square meters, with a total attributable land premium of roughly RMB 48,363.48 million.

Furthermore, in August 2026, China Overseas Grand Oceans Group (along with its subsidiaries, collectively referred to as the "China Overseas Grand Oceans Group") added new land parcels covering five sites in Xuzhou (Jiangsu Province), Ganzhou (Jiangxi Province), Nanning (Guangxi Zhuang Autonomous Region), Hefei (Anhui Province), and Yiwu (Zhejiang Province). The attributable gross floor area for these new sites was approximately 634,800 square meters, with an attributable land premium of around RMB 2,623.14 million.