Media centre

You are here:Home / Media / China Overseas Land and Investment Limited Announces Property Sales Results for June 2017
China Overseas Land and Investment Limited Announces Property Sales Results for June 2017 Author:China Overseas Land and Investment Ltd.

(Hong Kong, 6 July 2017) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that, for June 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$30.556 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,929,400 square meters.

From January to June 2017, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$127.32 billion and the accumulated corresponding GFA sold was approximately 7,797,400 square meters. As at 30 June 2017, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$16.704 billion, which are expected to be turned into contracted property sales in the following months.

In June, the Company together with its subsidiaries (collectively the “Group”) acquired four new land parcels in Shanghai, Urumqi, Zhangzhou and Chengdu with aggregate attributable gross floor area of approximately 771,370 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB5,014.46 million.

Related news