(Hong Kong, 7 April 2017) China Overseas Land and Investment Limited (the “Company”; Stock Code: 00688.HK) announced that, for March 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$22.348 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,249,800 square meters.
From January to March 2017, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$57.162 billion and the accumulated corresponding GFA sold was approximately 331,420 square meters. As at 31 March 2017, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$13.285 billion, which are expected to be turned into contracted property sales in the following months.
In March, the Company together with its subsidiaries (collectively the “Group”) acquired four new land parcels in Chengdu, Xi’an, Chongqing and Shanghai with aggregate attributable gross floor area of approximately 1,067,371 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB9,853.31 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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