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China Overseas Land and Investment Limited Announces Property Sales Results for October 2019 Author:China Overseas Land and Investment Ltd.

(Hong Kong, 6 November 2019) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that, for October 2019, 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$28.186 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,501,700 square meters.

From January to October 2019, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$318.404 billion and the accumulated corresponding GFA sold was approximately 15,260,900 square meters.

In October 2019, the Company (together with its subsidiaries (collectively, the “Group”)) acquired two land parcels in Zhuhai and Guangzhou with aggregate attributable gross floor area (“GFA”) of approximately 332,111.31 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB 6,269.02 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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