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China Overseas Land and Investment Ltd Announces Property Sales Results for February 2013 Author:China Overseas Land and Investment Ltd.
(8 March 2013) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688.HK) announced that the property contracted sales for February 2013 amounted to HK$10.7 billion and the contracted GFA reached 665,900 square meters (including contracted sales amount of HK$542 million and the contracted GFA of 57,600 square meters from China Overseas Grand Oceans Group Ltd. (stock code: 00081.HK)). From January to February 2013, the total property contracted sales amounted to HK$25.5 billion and the total contracted GFA reached 1.6 million square meters (including the total contracted sales amount of HK$2.6 billion and the total contracted GFA of 228,400 square meters from China Overseas Grand Oceans Group Ltd.). As at the end of February, the property subscription sales amounted to HK$6.8 billion and the subscription GFA reached 377,500 square meters.
In February, the Yangtze River Delta realized the strongest contracted GFA sold – its total contract sales amounted to HK$3.3 billion; while the Pearl River Delta realized the strongest contracted GFA sold – its total contracted GFA sold amounted to 208,200 square meters.
In February, the Company acquired 1 new project in Nanjing with an attributable GFA of 931,382 square meters. The land premium payable was RMB2.8 billion. Besides, China Overseas Grand Oceans Group Ltd. acquired 1 new project in Changzhou in February with an attributable GFA of 582,582 square meters. The land premium payable was RMB962 million.
The Company acquired a total new land amounting to 2.9 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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