Media centre

You are here:Home / Media / China Overseas Land and Investment Ltd Announces Property Sales Results for May 2010
China Overseas Land and Investment Ltd Announces Property Sales Results for May 2010 Author:China Overseas Land and Investment Ltd.
(8 June 2010) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688) announced that the property sales in May amounted to HK$3.5 billion and the GFA sold reached 417,900 square meters, representing a decrease of 39.0% and 28.4% respectively from those in May 2009. From January to May 2010, the total property sales amounted to HK$22.1 billion and the total GFA sold reached 1.8 million square meters, representing an increase of 8.8% and a decrease of 16.4% respectively as compared to the same period of last year.
In May, the Pearl River Delta Region (Shenzhen City, Zhongshan City, Guangzhou City, Foshan City and Zhuhai City) realized the strongest property sales – its sales revenue and total GFA sold amounted to HK$1.6 billion and 149,100 square meters.
No new land was acquired in May. Currently, the Company has a total land reserve of 33.2 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.

Related news