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China Overseas Land and Investment Ltd Announces Property Sales Results for June 2010 Author:China Overseas Land and Investment Ltd.
(12 July 2010) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688) announced that the property sales in June amounted to HK$6.0 billion and the GFA sold reached 417,400 square meters, representing an increase of 0.8% and a decrease of 37.3% respectively from those in June 2009. From January to June 2010, the total property sales amounted to HK$28.1 billion and the total GFA sold reached 2.2 million square meters, representing an increase of 7.0% and a decrease of 21.4% respectively as compared to the same period of last year.
In June, the Yangtze River Delta Region (Shanghai City, Ningbo City, Suzhou City, Hangzhou City and Nanjing City) realized the strongest property sales – its sales revenue amounted to HK$2.5 billion, representing an increase of 85.1% as compared to the same period of last year.
No new land was acquired in June. 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.

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