China Overseas Land and Investment Limited Announces Property Sales Results for October 2017
(Hong Kong, 8 November 2017) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that, for October 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$16.950 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,133,300 square meters.
From January to October 2017, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$200.594 billion and the accumulated corresponding GFA sold was approximately 12,421,600 square meters. As at 31 October 2017, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$23.977 billion, which are expected to be turned into contracted property sales in the following months.
In October, the Company together with its subsidiaries (collectively the “Group”) acquired 11 new land parcels in Fuzhou, Dalian, Ningbo, Suzhou, Nanjing, and Jiangmen with aggregate attributable gross floor area of approximately 1,736,770 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB15,641.80 million.
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