(13 August 2014) China Overseas Land and Investment Ltd. (the “Company”; stock code: 00688.HK) announced that, for July 2014, the contracted property sales of the Company, together with its subsidiaries, joint ventures and associates (collectively, the “China Overseas Series of Companies”) amounted to approximately HK$9.32 billion and the corresponding gross floor area (“GFA”) sold was approximately 646,100 square meters.
From January to July 2014, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$82.36 billion and the accumulated corresponding GFA sold was approximately 5,067,100 square meters.
In addition, as at 31 July 2014, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$6.27 billion, which are expected to be turned into contracted property sales in the following months.
For July 2014, the Company together with its subsidiaries (collectively, the “Group”) acquired 2 new land parcels in Tianjin and Wuxi with the aggregate attributable GFA of approximately 610,067.56 square meters. The land premium payable by the Group in respect of such new land acquired amounted to approximately RMB4,501.61 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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