(Hong Kong, 11 January 2017) China Overseas Land and Investment Limited (the “Company”; Stock Code: 00688.HK) announced that, for December 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$3.896 billion and the corresponding gross floor area (“GFA”) sold was approximately 276,200 square meters.
From January to December 2016, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$210.648 billion and the accumulated corresponding GFA sold was approximately 13,044,000 square meters. As at 31 December 2016, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$10.318 billion, which are expected to be turned into contracted property sales in the following months.
In December, the Company together with its subsidiaries (collectively the “Group”) acquired nine new land parcels in Wuxi, Xiamen, Nanjing, Suzhou, Foshan, Wuhan, Chongqing and Nanchang with aggregate attributable gross floor area of approximately 2,462,743 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB17,439.95 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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