(Hong Kong, 6 December 2023) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that for November 2023, the contracted property sales of the China Overseas Series of Companies amounted to approximately RMB22.945 billion, with a year-on-year decrease of 4.8%; and the corresponding gross floor area sold was approximately 967,900 square meters, with a year-on-year decrease of 20.3%。
From January to November 2023, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately RMB287.028 billion and the accumulated corresponding GFA sold was approximately 12,373,400 square meters, with a year-on-year increase of 11.8% and 4.0% respectively.
For November 2023, the Company (together with its subsidiaries (collectively, the “Group”)), acquired two land parcels in Beijing and Xi’an, with an aggregate attributable GFA of approximately 289,751.00 square meters, one of 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 RMB5,287.83 million. In addition, for November 2023, COGO (together with its subsidiaries (collectively, the “COGO Group”)) acquired two land parcels in Ganzhou, Jiangxi Province and Tangshan, Hebei Province with an aggregate attributable GFA of approximately 326,984.00 square meters. The land premium payable by the COGO Group in respect of such land parcels amounted to approximately RMB1,149.30 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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