On August 18, CHINA OVERSEAS rose 3.06% in regular trading, trading at HK$13.84/share, with turnover of HK$215 million. The gain was driven by the National Bureau of Statistics releasing July commercial residential sales price data for 70 major cities on August 17.

The data showed first-tier cities recorded overall month-on-month increases in residential prices, while year-on-year declines across first, second, and third-tier cities continued to narrow, indicating the property sector is sustaining its bottoming-out and recovery trajectory. Multiple mainland property stocks advanced on the news, with peers also posting gains.

Additionally, the company is scheduled to hold a board meeting on August 26 to review interim results for the six months ended June 30 and consider interim dividend distribution. For the first half, CHINA OVERSEAS reported cumulative contracted sales of approximately RMB134.35 billion, up 11.8% year-on-year, outperforming the broader sector and reflecting strong competitiveness among leading state-owned developers.

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