Media centre

You are here:Home / Media / China Overseas Land and Investment Ltd Announces Property Sales Results for September 2009
China Overseas Land and Investment Ltd Announces Property Sales Results for September 2009 Author:China Overseas Land and Investment Ltd.

  (12 October 2009) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code:00688) announced that the property sales in September amounted to HK$4.5 billion and the total GFA of property sold reached 386,800 square meters, representing an increase of 134.8% and 78.3%respectively from those in September 2008. From January to September 2009, the total property salesamounted to HK$38.5 billion and the total GFA sold reached 4,002,000 square meters, representing an increase of 85.1% and 100.5% respectively as compared to the same period of last year.

By the end of September the pan-Bohai Rim realized the strongest property sales –its sales revenueand total GFA sold amounted to HK$10.2 billion and 1,149,000 square meters, an increase of 112.0% and 120.0% respectively as compared to the same period of year 2008. Other Regions also achieved very strong sales growth.

In 2009, the company newly acquired 3,364,504 square meters of land in Jinan City, Qingdao City,Chengdu City and Shanghai CIty with a GFA of 2,628,000 square meters, 161,000 square meters, 180,000 square meters and 393,000 square meters respectively. Currently, the Company has a total land reserve of 26.38 million square meters, which is sufficient to meet the requirement of the Company’s development in the coming 4 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 aboveis only for reference purpose.

Related news