(Hong Kong, 6 June 2018) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that, for May 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$26.732 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,455,000 square meters.
As at 31 May 2018, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$39.618 billion, which are expected to be turned into contracted property sales in the following months.
In May, the Company (together with its subsidiaries (collectively, the “Group”)) acquired 2 land parcels in Urumqi and Chongqing with aggregate attributable gross floor area (“GFA”) of approximately 367,972.14 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB536.50 million.
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