(8 March 2010) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688) announced that the property sales in February amounted to HK$2.8 billion and the GFA sold reached184,700 square meters, representing an increase of 51.9% and a decrease of 13.7% respectively from those in February 2009. From January to February 2010, the total property sales amounted to HK$6.9billion and the total GFA sold reached 509,400 square meters, representing an increase of 115.5% and36.4% respectively as compared to the same period of last year.
In February, the Yangtze River Delta Region realized the strongest property sales –its sales revenueand total GFA sold amounted to HK$1.45 billion and 69,200 square meters, an increase of 162.0% and11.6% from those in February 2009. Other Regions also achieved very strong sales growth.
The Company acquired two new projects in Tianjin City and Xi’an City in February with a total attributable GFA of 639,000 square meters. The total land premium payable was 1.75 billion yuan. The total new land acquisitions amounted to 2.61 million square meters and the attributable portion was 2.27million square meters so far this year.
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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