China Overseas Grand Oceans posts 31.8% YoY surge in March contracted sales, Q1 land spend limited to RMB287.39 million

Bulletin Express
Apr 09

China Overseas Grand Oceans Group Limited (CH OVS G OCEANS) released unaudited March 2026 operating data, highlighting robust sales growth alongside restrained land investment.

March 2026 performance • Contracted sales reached RMB3.38 billion, up 31.8% year on year. • Contracted gross floor area (GFA) totaled 292,000 sq m, rising 24.6% YoY.

First-quarter 2026 cumulative results • From January to March, contracted sales amounted to RMB8.09 billion, an increase of 16.7% YoY. • Contracted GFA stood at 690,600 sq m, up 15.4% YoY. • Subscription sales yet to be converted into contracts totaled RMB534 million, covering 43,400 sq m at quarter-end.

Land-bank activity • No land parcels were added in March. • Year-to-date, the group acquired one site in Taizhou’s Medical High-Tech Zone, securing 86,651 sq m of GFA for RMB287.39 million. • In addition, the group purchased the remaining equity stakes in two Hefei cooperative projects for RMB104.10 million, consolidating full ownership.

All figures are unaudited and subject to change upon release of the company’s formal financial statements. Shareholders and investors are advised to interpret the data with caution.

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