(10 April 2012) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688.HK) announced that the property sales in March amounted to HK$9.05 billion and the GFA sold reached 496,400 square meters, representing a YOY growth of 16.68% and a YOY decrease of 14.59% respectively. From January to March 2012, the total property sales amounted to HK$26.11 billion and the total GFA sold reached 1.40 million square meters, representing a YOY growth of 32.03% and 0.01% respectively.
In March, the Western Region (Chengdu City, Chongqing City and Xi’an City) realized the strongest percentage growth in property sales and GFA sold, as well as the strongest GFA sold among the PRC regions – its sales revenue amounted to HK$2.55 billion, with YOY increase of 245.26%; while its total GFA sold amounted to 176,800 square meters, with an increase of 108.98% as compared to the same period last year. The Bohai Rim (Beijing City, Tianjin City and Jinan City) achieved the strongest property sales among the PRC regions – its sales revenue amounted to HK$4.1 billion, an increase of 45.32% as compared to the same period of last year.
No new land was acquired in March 2012. The Company acquired a total new land amounting to 2.1 million square meters and the attributable portion was 2.0 million square meters so far this year.
Note: In view of the uncertainties involved in investment and sales process, there may exist discrepancies between the above figures and those disclosed in our regular reports. As such, the above is only for reference purpose.