China Overseas Holdings Ltd.

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China Overseas Land and Investment Limited Announces Property Sales Results for July 2017

Time: 2017-08-10 11:35:23      Source: China Overseas Holdings Ltd.      View(s):0

        (Hong Kong, 9 August 2017) China Overseas Land and Investment Limited (the "Company"; Stock Code: 0688.HK) announced that, for July 2017, 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 HK$16.873 billion and the corresponding gross floor area ("GFA") sold was approximately 1,054,500 square meters. 

        From January to July 2017, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$144.19 billion and the accumulated corresponding GFA sold was approximately 8,852,000 square meters. As at 31 July 2017, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$17.961 billion, which are expected to be turned into contracted property sales in the following months.

        In July, the Company together with its subsidiaries (collectively the "Group") acquired nine new land parcels in Fuzhou, Nanjing, Xi'an, Qingdao, Guangzhou and Zhangzhou with aggregate attributable gross floor area of approximately 1,104,762 square meters, of which two 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 RMB6,364.22 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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