(Hong Kong, 18 September 2015) China Overseas Land and Investment Limited (the “Company”; Stock Code: 00688.HK) announced that, for August 2015, 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$11.486 billion and the corresponding gross floor area (“GFA”) sold was approximately 852,600 square meters.
From January to August 2015, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$107.387 billion and the accumulated corresponding GFA sold was approximately 7,420,000 square meters. As at 31 August 2015, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$7.397 billion, which are expected to be turned into contracted property sales in the following months.
In August, the Company together with its subsidiaries (collectively the “Group”) acquired two new land parcels, in Nanchang and Shenzhen respectively, with the aggregate attributable GFA of approximately 319,910 square meters. The land premium payable by the Group in respect of such new land acquired amounted to approximately RMB1,072.31 million.
Note: In view of the uncertainties involved in investment and sales process, discrepancies may exist between the above figures and those disclosed in our regular reports. As such, the above is for reference only.
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