(Hong Kong, 6 March 2017) China Overseas Land and Investment Limited (the “Company”; Stock Code: 00688.HK) announced that, for February 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$14.997 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,005,300 square meters.
From January to February 2017, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$34.815 billion and the accumulated corresponding GFA sold was approximately 2,064,500 square meters. As at 28 February 2017, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$10.087 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 seven new land parcels in Zhengzhou, Beijing, Suzhou, Yantai and Wuxi with aggregate attributable gross floor area of approximately 958,188 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB3,330.78 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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