(10 October 2012) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688.HK) announced that the property sales in September amounted to HK$8.6 billion and the GFA sold reached 592,600 square meters, representing a YOY growth of 30.8% and 20.6% respectively. From January to September 2012, the total property sales amounted to HK$91.9 billion and the total GFA sold reached 5.9 million square meters, representing a YOY growth of 28.8% and 33.4% respectively.
In September, the Pearl River Delta Region realized the strongest property sales and GFA sold, as well as the strongest percentage growth in GFA sold – its total GFA sold amounted to 181,000 square meters, an increase of 53.3% as compared to the same period of last year; while its sales revenue amounted to HK$2.3 billion. The Yangtze River Delta Region realized the strongest percentage growth in property sales – its total sales revenue amounted to HK$1.8 billion, representing a YOY increase of 67.1%.
In September, the Company acquired 1 new project in Yantai with an attributable GFA of 207,515 square meters. The total land premium payable was RMB271 million. The Company has acquired a total new land amounting to 4.3 million square meters and the attributable portion was 4.1 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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