(9 June 2011) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code:00688) announced that the property sales in May amounted to HK$12.1 billion and the GFA sold reached 617,900 square meters, representing an increase of 251.8% and 47.9% respectively from those in May 2010. From January to May 2011, the total property sales amounted to HK$40.1 billion and thetotal GFA sold reached 2.4 million square meters, representing an increase of 81.8% and 34.9%respectively as compared to the same period of last year.
In May, the Bohai Rim (Beijing City, Tianjin City and Jinan City) realized the strongest property sales, its sales revenue reached to HK$33.0 billion, representing an increase of 1,211.1% as compared to the same period last year. Western Region (Chengdu City, Chongqing City and Xi’an City) achieved the strongest in both GFA sold and percentage growth in GFA sold – its total GFA sold amounted to193,400.0 square meters, recorded a Y-o-Y increase of 234.0%.
In March 2011, the company acquired 1 project in Hong Kong with attributable GFA 1,490.0 square meters. The land premium payable was RMB246.0 million. In May 2011, the company acquired 3 projects in Hong Kong, Chengdu City and Shenzhen City with total attributable GFA 821,551.0 square meters. The total land premium payable was RMB2.6 billion. The company acquired a total new land amounting to 6.7 million square meters and the attributable portion was 6.7 million square meters so far this year.
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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