(10 September 2013) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688.HK) announced that the property contracted sales for August 2013 amounted to HK$7.7 billion and the contracted GFA reached 549,500 square meters (including contracted sales amount of HK$1,579 million and the contracted GFA of 156,600 square meters from China Overseas Grand Oceans Group Ltd. (stock code: 00081.HK)). From January to August 2013, the total property contracted sales amounted to HK$98.1 billion and the total contracted GFA reached 6.5 million square meters (including the total contracted sales amount of HK$11.1 billion and the total contracted GFA of 1,034,500 square meters from China Overseas Grand Oceans Group Ltd.). As at the end of August, the property subscription sales amounted to HK$5.6 billion and the subscription GFA reached 417,500 square meters.
In August, the Pearl River Delta Region realized both the strongest contracted sales amount and contracted GFA sold – its total contracted sales amounted to HK$2,005 million and its total contracted GFA sold amounted to 147,400 square meters.
In August, the Company acquired 2 new projects in Harbin and Foshan with total attributable GFA of 555,143 square meters. The land premium payable was RMB1.8 billion. Besides, China Overseas Grand Oceans Group Ltd. acquired 2 new projects in Yangzhou and Changzhou with an attributable GFA of 407,337 square meters. The land premium payable was RMB1.2 billion.
The Company acquired a total new land amounting to 7.3 million square meters and the attributable portion was 7.0 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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