(7 January 2010) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code:00688) announced that the property sales in December amounted to HK$2.8 billion and the GFA sold reached 199,000 square meters, representing an increase of 82.8% and decrease of 9.3% respectivelyfrom those in December 2008. From January to December 2009, the total property sales amounted to HK$47.8 billion and the total GFA sold reached 4.77 million square meters, representing an increase of79.6% and 76.0% respectively as compared to the same period of last year.
By the end of December, the pan-Bohai Rim realized the strongest property sales –its sales revenueand total GFA sold amounted to HK$13.4 billion and 1.4 million square meters, an increase of 128.7% and 114.7% respectively as compared to the same period of year 2009. Other Regions also achieved very strong sales growth.
On 4 January 2010, the Company acquired one new project in Chengdu City with a total GFA of 430,209 square meters. The total land premium payable was 828 million yuan. Currently, the Company has a total land reserve of 35.1 million square meters and the total attributable GFA reached 31.6 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.
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