(Hong Kong, 17 February 2016) China Overseas Land and Investment Limited (the “Company”; Stock Code: 00688.HK) announced that, for January 2016, 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$14.066 billion and the corresponding gross floor area (“GFA”) sold was approximately 936,100 square meters.
As at 31 January 2016, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$6.238 billion, which are expected to be turned into contracted property sales in the following months.
In January, the Company together with its subsidiaries (collectively the “Group”) acquired one new land parcel, in Jinan (Shandong Province) with the aggregate attributable GFA of approximately 1,471,182 square meters. The land premium payable by the Group in respect of such new land acquired amounted to approximately RMB3,796.08 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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