(Hong Kong, 7 December 2017) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that, for November 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$18.739 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,181,600 square meters.
From January to November 2017, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$219.334 billion and the accumulated corresponding GFA sold was approximately 13,603,000 square meters. As at 30 November 2017, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$24.285 billion, which are expected to be turned into contracted property sales in the following months.
In November, the Company together with its subsidiaries (collectively the “Group”) acquired 7 new land parcels in Beijing, Nanjing, Chengdu, Tianjin and Changsha with aggregate attributable gross floor area of approximately 2,592,465 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB13,177.24 million.
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