(Hong Kong, 10 March 2016) China Overseas Land and Investment Limited (the “Company”; Stock Code: 00688.HK) announced that, for February 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$10.103 billion and the corresponding gross floor area (“GFA”) sold was approximately 671,500 square meters.
From January to February 2016, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$24.169 billion and the accumulated corresponding GFA sold was approximately 1,607,800 square meters. As at 29 February 2016, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$6.165 billion, which are expected to be turned into contracted property sales in the following months.
In February, the Company together with its subsidiaries (collectively the “Group”) acquired one new land parcel, in Hong Kong with attributable gross floor area of approximately 107,100 square meters. The land premium payable by the Group in respect of the relevant land acquisition amounted to approximately RMB1,789.20 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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