(Hong Kong, 8 May 2017) China Overseas Land and Investment Limited (the “Company”; Stock Code: 00688.HK) announced that, for April 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$19.073 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,217,300 square meters.
From January to April 2017, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$76.236 billion and the accumulated corresponding GFA sold was approximately 4,531,700 square meters. As at 30 April 2017, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$15.203 billion, which are expected to be turned into contracted property sales in the following months.
In April, the Company together with its subsidiaries (collectively the “Group”) acquired one new land parcel in Foshan with aggregate attributable gross floor area of approximately 90,290 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB628.70 million.
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