(Hong Kong, 6 June 2023) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that for May 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 RMB29.345 billion, with a year-on-year increase of 11.2%; and the corresponding gross floor area sold was approximately 1,151,500 square meters, with a year-on-year increase of 12.7%.
From January to May 2023, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately RMB146.978 billion and the accumulated corresponding GFA sold was approximately 6,658,400 square meters, with year-on-year increase of 54.7% and 50.5% respectively.
For May 2023, the Company (together with its subsidiaries (collectively, the “Group”)), acquired one land parcel in Qingdao with an aggregate attributable GFA of approximately 279,390.00 square meters. The land premium payable by the Group in respect of the relevant land acquisition amounted to approximately RMB1,652.53 million. In addition, COGO (together with its subsidiaries (collectively, the “COGO Group”)) acquired one land parcel in Yinchuan, Ningxia Hui Autonomous Region with an attributable GFA of approximately 189,465.00 square meters. The land premium payable by the COGO Group in respect of such land parcel amounted to approximately RMB848.45 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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