(7 December 2012) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688.HK) announced that the property sales in November amounted to HK$5.2 billion and the GFA sold reached 386,000 square meters, representing a YOY growth of 50.4% and 42.7% respectively. From January to November 2012, the total property sales amounted to HK$105.9 billion and the total GFA sold reached 6.9 million square meters, representing a YOY growth of 29.8% and 31.4% respectively.
In November, the Pearl River Delta Region realized the strongest property sales, as well as the strongest percentage growth in both property sales and GFA sold – its total sales revenue amounted to HK$1.39 billion, representing a YOY growth of 258.1%; while its total GFA sold amounted to 91,000 square meters, representing a YOY growth of 262.6%. The Western Region realized the strongest GFA sold – its total GFA sold amounted to 103,200 square meters.
In November, the Company acquired 1 new project in Shenzhen with an attributable GFA of 279,353 square meters. The total land premium payable was RMB2.0 billion.
The Company has acquired a total new land amounting to 6.1 million square meters and the attributable portion was 5.9 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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