(Hong Kong, 6 September 2023) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that for August 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 RMB18.833 billion and the corresponding gross floor area sold was approximately 718,900 square meters.
From January to August 2023, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately RMB210.956 billion and the accumulated corresponding GFA sold was approximately 9,330,700 square meters, with year-on-year increase of 18.2% and 16.8% respectively.
For August 2023, the Company (together with its subsidiaries (collectively, the “Group”)), acquired one land parcel in Shenzhen, with an attributable GFA of approximately 13,816.90 square meters, which will be developed in form of cooperation project. The land premium payable by the Group in respect of the relevant land acquisition amounted to approximately RMB317.60 million. In addition, COGO (together with its subsidiaries (collectively, the “COGO Group”)) acquired two land parcels in Ganzhou, Jiangxi Province and Hefei, Anhui Province with an aggregate attributable GFA of approximately 257,566.20 square meters, of which one will be developed in form of cooperation project. The land premium payable by the COGO Group in respect of such land parcels amounted to approximately RMB732.27 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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