(7 May 2009) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688) announced that the property sales in April amounted to HK$5.37 billion and the total GFA of property sold reached 578,900 square meters, representing an increase of 115.2% and 148.8% respectively from those in April 2008. From January to April 2009, the total property sales amounted to HK$14.6 billion and the total GFA sold reached 1.58 million square meters, representing an increase of 69.7% and 106.8% respectively as compared to the same period of last year.
By the end of April, the Pearl River Delta Region realized the strongest property sales – its sales revenue and total GFA sold amounted to HK$4,670 million and 516,000 square meters, an increase of 93.5% and 134.2% respectively as compared to the same period of year 2008. The Yangtze River Delta Region recorded strong percentage growth – its sales revenue and total GFA sold amounted to HK$4,043 million and 353,800 square meters, an increase of 104.9% and 147.8% respectively as compared to the same period of year 2008. The Bohai Rim & the North Region also achieved very strong sales growth.
No new land was acquired in April 2009. Currently, the Company has a total land reserve of 24.8 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.
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