(Hong Kong, 7 September 2017) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that, for August 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$18.769 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,182,300 square meters.
From January to August 2017, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$162.96 billion and the accumulated corresponding GFA sold was approximately 10,034,100 square meters. As at 31 August 2017, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$22.988 billion, which are expected to be turned into contracted property sales in the following months.
In August, the Company together with its subsidiaries (collectively the “Group”) acquired four new land parcels in Foshan, Zhaoqing and Ningbo with aggregate attributable gross floor area of approximately 796,886 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB4,600.33 million.
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