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China Overseas Land and Investment Ltd Announces Property Sales Results for January 2011 Author:China Overseas Land and Investment Ltd.
(10 February 2011) China Overseas Land and Investment Ltd (“COLI” or “the Company”, Stock Code:00688) announced that the property sales in January amounted to HK$7.8 billion and the total GFA of property sold reached 536,600 square meters, representing an increase of 89.3% and65.3%respectively from those in January2010.
In January, the Pearl River Delta Region (Shenzhen City, Zhongshan City, Guangzhou City, Foshan City and Zhuhai City) realized the strongest property sales and recorded the strongest percentage growth inproperty sales – its sales revenue amounted to HK$2.13 billion, an increase of 159.2% as compared to the same period of year 2010. The Northern Region (Shenyang City, Changchun City, Dalian City, Qingdao City) achieved the strongest in both GFA sold and percentage growth inGFA sold – its total GFA sold amounted to 171,000 square meters, an increase of 111.1% as compared to the same period oflast year. Other Regions also achieved very strong sales growth.
The company acquired five new projects in Changsha City, Changchun City, Zhongshan City and Yantai City in January with a total attributable GFA of 2.73 million square meters. The land premium payable was 4.75 billion yuan.
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 aboveis only for reference purpose.

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