(Hong Kong, 6 February 2018) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that, for January 2018, 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$25.826 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,569,500 square meters.
As at January 31 2018, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$22.983 billion, which are expected to be turned into contracted property sales in the following months.
In January, the Company (together with its subsidiaries (collectively, the “Group”)) acquired 4 land parcels in Foshan, Hangzhou, Beijing and Guangzhou with aggregate attributable gross floor area (“GFA”) of approximately 1,198,226.00 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB11,326.96 million.
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