(Hong Kong, 6 November 2023) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that for October 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 RMB25.056 billion, with a year-on-year decrease of 19.9%; and the corresponding gross floor area sold was approximately 1,079,400 square meters, with a year-on-year decrease of 25.8%.
From January to October 2023, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately RMB264.083 billion and the accumulated corresponding GFA sold was approximately 11,405,500 square meters, with year-on-year increase of 13.5% and 6.8% respectively.
For October 2023, the Company (together with its subsidiaries (collectively, the “Group”)), acquired seven land parcels in Changsha, Ningbo, Suzhou, Shanghai, Beijing and Jinan with an attributable GFA of approximately 1,915,810.80 square meters, of which one will be developed in form of cooperation project. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB36,288.63 million. In addition, China Overseas Grand Oceans Group Limited 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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