Media centre

(9 November 2010) China Overseas Land and Investment Ltd (“COLI” or “the Company”, Stock Code: 00688) announced that the property sales in October amounted to HK$7.2 billion and the total GFA of property sold reached 609,200 square meters, representing an increase of 79.9% and 71.6% respectively from those in October 2009. From January to October 2010, the total property sales amounted to HK$53.3 billion and the total GFA sold reached 4.2 million square meters, representing an increase of 25.5% and a decrease of 3.5% respectively as compared to the same period of last year.

By the end of October, 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$13.0 billion, an increase of 23.8% 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$8.4 billion, an increase of 62.3% 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 1.2 million square meters, an increase of 43.6% as compared to the same period of last year.

No new land was acquired in October. 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.