(10 May 2012) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688.HK) announced that the property sales in April amounted to HK$11.9 billion and the GFA sold reached 812,200 square meters, representing a YOY growth of 45.0% and 92.3% respectively. From January to April 2012, the total property sales amounted to HK$38.0 billion and the total GFA sold reached 2.2 million square meters, representing a YOY growth of 35.8% and 21.4% respectively.
In April, the Northern Region realized the strongest percentage growth in property sales and GFA sold, as well as the strongest GFA sold – its sales revenue amounted to HK$2.44 billion, with YOY increase of 511.81%; while its total GFA sold amounted to 262,700 square meters, with an increase of 526.97% as compared to the same period last year. The Pearl River Delta Region achieved the strongest property sales – its sales revenue amounted to HK$4.22 billion, an increase of 111.65% as compared to the same period of last year.
In March 2012, the Company acquired 1 new project in Hong Kong with an attributable GFA of 21,350 square meters. The total land premium payable was HK$ 2.54 billion (approximate RMB2.06 billion), while the Company acquired 1 new project in Chengdu in April 2012 with an attributable GFA of 590,034 square meters. The total land premium payable was HK$1.68 billion. The Company acquired a total new land amounting to 2.7 million square meters and the attributable portion was 2.6 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.
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