(Hong Kong, 9 February 2017) China Overseas Land and Investment Limited (the “Company”; Stock Code: 00688.HK) announced that, for January 2017, 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$19.818 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,059,100 square meters.
As at 31 January 2017, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$6.687 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 four new land parcels in Harbin, Dongguan, Wuhan and Xi’an with aggregate attributable gross floor area of approximately 1,331,795 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB8,856.37 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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