(9 August 2013) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688.HK) announced that the property contracted sales for July 2013 amounted to HK$10.4 billion and the contracted GFA reached 669,600 square meters (including contracted sales amount of HK$1,099 million and the contracted GFA of 102,900 square meters from China Overseas Grand Oceans Group Ltd. (stock code: 00081.HK)). From January to July 2013, the total property contracted sales amounted to HK$90.5 billion and the total contracted GFA reached 5.9 million square meters (including the total contracted sales amount of HK$9.5 billion and the total contracted GFA of 877,900 square meters from China Overseas Grand Oceans Group Ltd.). As at the end of July, the property subscription sales amounted to HK$4.9 billion and the subscription GFA reached 330,200 square meters.
In July, the Yangtze Delta Region realized the strongest contracted sales amount – its total contracted sales amounted to HK$3,449 million, while the Pearl River Delta Region realized the strongest contracted GFA sold – its total contracted GFA sold amounted to 183,900 square meters.
In July, the Company acquired 3 new projects in Changchun and Shanghai with total attributable GFA of 746,706 square meters. The land premium payable was RMB5.4 billion. Besides, China Overseas Grand Oceans Group Ltd. acquired 2 new projects in Hefei and Hohhot with an attributable GFA of 922,565 square meters. The land premium payable was RMB2.8 billion.
The Company acquired a total new land amounting to 6.4 million square meters and the attributable portion was 6.1 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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