(10 January 2013) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688.HK) announced that the property sales in December amounted to HK$5.6 billion and the GFA sold reached 435,100 square meters, representing a YOY growth of 1.9% and 19.5% respectively. From January to December 2012, the total property sales amounted to HK$111.5 billion and the total GFA sold reached 7.3 million square meters, representing a YOY growth of 28.1% and 30.6% respectively.
In December, the Northern Region realized the strongest property sales and GFA sold – its total sales revenue amounted to HK$1.6 billion while its total GFA sold amounted to 167,200 square meters. The Pearl River Delta Region realized the strongest percentage growth in property sales – its total sales revenue amounted to HK$367 million, representing a YOY growth of 11.21%. The Bohai Rim Region realized the strongest percentage growth in GFA sold – its total GFA sold amounted to 92,700 square meters, representing a YOY growth of 55.80%.
In December, the Company acquired 10 new projects in Wuhan, Hangzhou, Xiamen, Suzhou, Qingdao, Foshan and Ningbo with an attributable GFA of 3,474,648 square meters. The total land premium payable was RMB13.7 billion. Besides, China Overseas Grand Oceans Group Ltd. (stock code: 00081.HK) acquired 2 new projects in Nanning and Changzhou in December with an attributable GFA of 593,267 square meters. The land premium payable was RMB1.3 billion. The Company has acquired a total new land amounting to 10.3 million square meters and the attributable portion was 9.9 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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