(8 December 2011) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688.HK) announced that the total property sales, from January to November 2011, amounted to HK$81.6 billion and the total GFA sold reached 5.2 million square meters, representing an increase of 38.9% and 10.9% respectively as compared to the same period of last year. The property sales in November amounted to HK$3.5 billion and the GFA sold reached 271,000 square meters. The Company exceeded the sales target this year.
In November, the Bohai Rim (Beijing City, Tianjin City and Jinan City) realized both the strongest percentage growth of property sales and GFA sold among the PRC regions – its sales revenue amounted to HK$464 million and GFA sold amounted to 31,300 square meters, representing an increase of 110.8% and 64.9% respectively.
On 30 November 2011, China Overseas Grand Oceans Group Ltd. (Stock code: 00081.HK) acquired 1 new project in Hefei with an attributable GFA of 90,452.4 square meters. The total land premium payable was RMB 206.1 million. The company acquired a total new land amounting to 10.0 million square meters and the attributable portion was 9.8 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 above is only for reference purpose.
Related news
