Media centre

(8 September 2010) China Overseas Land and Investment Ltd (“COLI” or “the Company”, Stock Code: 00688) announced that the property sales in August amounted to HK$5.0 billion and the total GFA of property sold reached 380,800 square meters, representing an increase of 38.7% and 3.9% respectively from those in August 2009. From January to August 2010, the total property sales amounted to HK$38.1 billion and the total GFA sold reached 3.0 million square meters, representing an increase of 12.0% and a decrease of 16.2% respectively as compared to the same period of last year.

By the end of August, 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$9.7 billion, an increase of 8.8% as compared to the same period of year 2009. The pan-Bohai Rim (Beijing City, Tianjin City and Jinan City) recorded the strongest percentage growth in property sales – its sales revenue amounted to HK$6.2 billion, an increase of 94.9% as compared to the same period of year 2009. The Northern Region (Shenyang City, Changchun City, Dalian City, Qingdao City) achieved the strongest in both GFA sold and percentage growth in GFA sold – its total GFA sold amounted to 842,500 square meters, an increase of 32.6% as compared to the same period of last year.

COLI acquired one new project with an attributable GFA of 447,300 square meters in Xi’an City in August and the total land premium payable was 526.8 million yuan. By the end of August 2010, the company acquired a total new land amounting to 5.7 million square meters and the attributable portion was 5.1 million square meters. Currently, the Company has a total land reserve of 35.0 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.