September 13 (CapitalVue) -- Gemdale Corporation (600383.SH) posted a 26.2% year-on-year drop in transaction value to RMB 2.22 billion in August on a 38.6% rise in transaction area to 163,000 square meters, reports China Securities Journal, citing a company filing.

This marked the second time since April that Gemdale had recorded year-on-year declines in both transaction value and transaction area.

For the first 8 months, transaction area totaled 1.15 million square meters, up 37.2% year-on-year, while transaction value rose 68.6% to RMB 15.95 billion.

China Overseas Land and Investment Ltd. (0688.HK) posted 11.2% and 12.9% year-on-year falls in transaction value and transaction area to HK$4.45 billion and 332,000 square meters in August.

For the first 8 months, the company recorded a 70.1% year-on-year rise in transaction value to HK$64.74 billion, while transaction area increased 28.7% to 3.9 million square meters.