(Hong Kong, 5 January 2024) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that for December 2023, the contracted property sales of the China Overseas Series of Companies amounted to approximately RMB22.781 billion; and the corresponding gross floor area sold was approximately 983,500 square meters.
From January to December 2023, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately RMB309.810 billion, with a year-on-year increase of 5.1%; and the accumulated corresponding GFA sold was approximately 13,356,900 square meters, with a year-on-year decrease of 3.7%.
For December 2023, the Company (together with its subsidiaries (collectively, the “Group”)), acquired 11 land parcels in Tianjin, Suzhou, Shenyang, Zhengzhou, Chengdu, Taiyuan, Beijing and Wuhan with an aggregate attributable GFA of approximately 1,686,533.17 square meters, four 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 RMB16,806.30 million. In addition, for December 2023, COGO (together with its subsidiaries (collectively, the “COGO Group”)) acquired two land parcels in Nantong, Jiangsu Province and Yangzhou, Jiangsu Province with an aggregate attributable GFA of approximately 235,505.80 square meters. The land premium payable by the COGO Group in respect of such land parcels amounted to approximately RMB1,447.88 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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