(8 February 2010) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688) announced that the property sales in Januaryamounted to HK$4.1 billion and the GFA sold reached 324,700 square meters,representing an increase of 241.4% and 103.7% respectively from those inJanuary 2009.
In January, the pan-Bohai Rim realized the strongest property sales – its sales revenue and total GFA sold amounted to HK$1.95 billion and 146,300 square meters, an increase of 959.8% and 384.4% respectively as compared to thesame period of year 2009. Other Regions also achieved very strong sales growth.
COLI acquired seven new projects with a total GFA of 1.63 million square meters in Chengdu City, Dalian City, Zhongshan City, Beijing City, Suzhou City and Zhuhai City in January and the total land premium payable was 10.2 billionyuan. The Company acquired one new project with a total GFA of 295,000 square meters in Tianjin in February and the total land premium payable was1.35 billion yuan. The total new land acquisitions amounted to 2.27 million square meters and the attributable portion was 1.93 million square meters.
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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