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China Overseas Land and Investment Ltd Announces Property Sales Results for January 2014 Author:China Overseas Land and Investment Ltd.

(11 February 2014) China Overseas Land and Investment Ltd (the “Company”, stock code: 00688.HK) announced that, for January 2014, the contracted property sales of the Company, together with its subsidiaries, jointly controlled entities and associated companies (collectively, the “China Overseas Series of Companies”) amounted to approximately HK$15.24 billion and the corresponding gross floor area (“GFA”) sold was approximately 794,100 square meters. 

In addition, as at 31 January 2014, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$8.47 billion, which are expected to be turned into contracted property sales in the following months.

For January 2014, the Company (together with its subsidiaries (collectively, the “Group”)) acquired 3 new land parcels in Dalian, Jinan and Foshan with the aggregate attributable gross floor area (“GFA”) of approximately 2,242,927.4 square meters.  The land premium payable by the Group in respect of such new land acquired amounted to approximately RMB4,586.5 million. 

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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