(Hong Kong, 10 April 2018) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that, for March 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$23.512 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,170,200 square meters.
As at 31 March 2018, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$33.266 billion, which are expected to be turned into contracted property sales in the following months.
In March, the Company (together with its subsidiaries (collectively, the “Group”)) acquired 2 land parcels in Changsha and Qingdao with aggregate attributable gross floor area (“GFA”) of approximately 574,818.00 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB1,988.90 million.
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