Media centre

You are here:Home / Media / China Overseas Land and Investment Ltd Announces Property Sales Results for February 2009
China Overseas Land and Investment Ltd Announces Property Sales Results for February 2009 Author:China Overseas Land and Investment Ltd.
(10 March 2009) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688) announced that the property sales in February amounted to HK$1.83 billion and the total GFA of property sold reached 214,000 square meters, representing an increase of 61.2% and 110.9% respectively from those in February 2008. The figures also represent an increase of 33.7% and 34.2% respectively from those in January 2009. From January to February 2009, the total sales of properties amounted to HK$3.19 billion, an increase of 69.4% as compared to the corresponding period of last year, and the total GFA sold amounted to 374,000 square meters, representing an increase of 125.9% as compared to the same period of last year.
By the end of February, the Pearl River Delta Region realized the strongest property sales – its sales revenue and total GFA sold amounted to HK$1,153 million and 112,500 square meters. The Yangtze River Delta Region and Western Region both recorded strong percentage growth. The sales revenue and total GFA sold in Yangtze River Delta Region amounted to HK$799 million and 83,600 square meters, an increase of 138.5% and 255.7% respectively as compared to the same period of year 2008. Sales revenue and GFA sold in Western Region amounted to HK$801 million and 123,000 square meters, an increase of 107.5% and 137.5% respectively as compared to the same period of year 2008.
No new land was acquired in February 2009. Currently, the Company has a total land reserve of 25.27 million square meters, which is sufficient to meet the requirement of the Company’s development in the coming 4 -5 years.
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.

Related news