(8 June 2012) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688.HK) announced that the property sales in May amounted to HK$12.3 billion and the GFA sold reached 755,000 square meters, representing a YOY growth of 1.5% and 22.2% respectively. From January to May 2012, the total property sales amounted to HK$50.3 billion and the total GFA sold reached 3.0 million square meters, representing a YOY growth of 25.5% and 21.6% respectively. As at 31 May 2012, the Company has achieved 62.88% of the sales target this year.
In May, the Yangtze River Delta Region realized the strongest percentage growth in property sales and GFA sold, as well as the strongest property sales – its sales revenue amounted to HK$4.60 billion, an increase of 154.49% as compared to the same period of last year; while its total GFA sold amounted to 203,700 square meters, with a YOY increase of 196.94%. The Northern Region achieved the strongest GFA sold – its total GFA sold amounted to 228,100 square meters, with an increase of 19.24% as compared to the same period last year.
The Company had no new project acquired in May. 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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