(Hong Kong, 6 April 2023) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that for March 2023, 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 RMB42.987 billion, with a year-on-year increase of 89.7%, and the corresponding gross floor area sold was approximately 2,058,800 square meters, with a year-on-year increase of 88.4%.
From January to March 2023, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately RMB83.598 billion and the accumulated corresponding GFA sold was approximately 4,263,400 square meters, with year-on-year increase of 73.2% and 70.1% respectively.
For March 2023, the Company (together with its subsidiaries (collectively, the “Group”)), acquired 2 land parcels in Nanjing and Hangzhou with an aggregate attributable GFA of approximately 190,468.47 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB4,217.99 million. In addition, China Overseas Grand Oceans Group Ltd. (“COGO”) and/or its subsidiaries did not acquire any land parcels.
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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