Topic
China Resources Land is a property development company and a unit of the state-owned conglomerate China Resources Group. It focuses on developing and managing residential and investment properties in major cities in mainland China, including in Beijing, Shanghai, Shenzhen and Wuhan.
CR Land posted a 30 per cent increase in net profit last year to HK$10.57 billion, after taking into account a HK$4 billion revaluation gain on investment properties.