(8 April 2010) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code:00688) announced that the property sales in March amounted to HK$6.9 billion and the GFA sold reached 485,600 square meters, representing an increase of 13.0% and a decrease of 22.3%respectively from those in March 2009. From January to March 2010, the total property sales amounted to HK$13.7 billion, an increase of 48.3% as compared to the corresponding period of last year; and thetotal GFA sold reached 995,000 square meters, maintaining at a steady level as compared to the same period of last year.
In March, the Bohai Rim (Beijing City, Tianjin City and Jinan City) realized the strongest property sales –its sales revenue amounted to HK$1.8 billion, representing an increase of 189.4% from those in March 2009. Other Regions also achieved very strong sales growth.
Currently, the Company has a total land reserve of 33.16 million square meters and the total attributable land reserve of 29.28 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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