(7 February 2013) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688.HK) announced that the property contract sales for January 2013 amounted to HK$14.7 billion and the contract GFA sold reached 930,400 square meters (including contract sales amount of HK$2.0 billion and the contract GFA of 170,800 square meters from China Overseas Grand Oceans Group Ltd. (stock code: 00081.HK)). As at the end of January 2013, the property subscription sales amounted to HK$5.1 billion and the subscription GFA reached 305,900 square meters.
In January, the Pearl River Delta realized the strongest contract amount and contract GFA sold – its total contract sales amounted to HK$4.839 billion while its total contract GFA sold amounted to 344,800 square meters.
In January, the Company acquired 2 new projects in Kunming and Beijing with total attributable GFA of 404,737.7 square meters. The land premium payable was RMB2.5 billion. Besides, China Overseas Grand Oceans Group Ltd. acquired 2 new projects in Hohhot and Yancheng in January with an attributable GFA of 711,208.3 square meters. The land premium payable was RMB1.2 billion.
The Company acquired a total new land amounting to 1.4 million square meters and the attributable portion was 1.1 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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