China Overseas Land sales up 61.2% in February

China Overseas Land said its February property sales rose 61.2% year-on-year in value terms, Reuters reported. China’s largest Hong Kong-listed developer said it sold 214,000 square meters of residential property in February, up 110.9% from the same period a year ago. For the first two months of 2009, total sales were US$411.3 million, up 69.4% year-on-year. The announcement sent the company’s shares to a two-month high yesterday in Hong Kong.