(Hong Kong, 8 March 2018) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that, for February 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$16.493 billion and the corresponding gross floor area (“GFA”) sold was approximately 882,300 square meters.
As at 28 February 2018, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$26.492 billion, which are expected to be turned into contracted property sales in the following months.
In February, the Company (together with its subsidiaries (collectively, the “Group”)) acquired 11 land parcels in Shenzhen, Beijing, Kunming, Urumqi, Shenyang, Guangzhou, Chongqing, Wuhan, Xi’an and Jinan with aggregate attributable gross floor area (“GFA”) of approximately 2,731,020.25 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB14,736.31 million.
Note : In view of the uncertainties involved in investment and sales process, discrepancies may exist between the above figures and those disclosed in our regular reports. As such, the above is for reference only.
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