China Overseas Land & Investment reported strong year-on-year growth in its January-to-July contract sales, according to an operational update published on August 6, 2026, underscoring the competitive edge of state-backed developers in China's recovering property market.
July and Cumulative Performance
In July alone, China Overseas achieved contracted sales of 2.936 billion yuan and contracted floor area of 247,900 square meters, representing year-on-year increases of 44.0% and 31.4% respectively. For the first seven months of 2026, cumulative contracted sales reached 22.073 billion yuan with total floor area of 1.895 million square meters, up 18.4% and 14.1% year-over-year.
The results outpaced the broader market, where the top 100 developers collectively recorded a narrower year-on-year decline, demonstrating China Overseas' ability to capture demand in a recovering environment.
Aggressive Land Acquisition
The sales momentum has funded an aggressive land acquisition campaign in 2026. Most notably, China Overseas spent approximately 13.1 billion yuan in just eight days, acquiring prime residential land in Beijing's Chaoyang District, including the record-breaking 8.399 billion yuan Guangqu Road plot at a floor price of 81,400 yuan per square meter.
Market Position
As a state-owned developer, China Overseas enjoys lower financing costs and easier access to capital compared to private-sector peers, allowing it to capitalize on the sector's recovery more effectively. Analysts expect the company to maintain its leading position in tier-1 city land auctions throughout the second half.