[TodayIR] CHINA OVERSEAS: Announces Property Sales Results for August 2013
(10 September 2013) China Overseas Land and Investment Ltd (“COLI” or the
“Company”, stock code: 00688.HK) announced that the property contracted sales
for August 2013 amounted to HK$7.7 billion and the contracted GFA reached
549,500 square meters (including contracted sales amount of HK$1,579 million
and the contracted GFA of 156,600 square meters from China Overseas Grand
Oceans Group Ltd. (stock code: 00081.HK)). From January to August 2013, the
total property contracted sales amounted to HK$98.1 billion and the total
contracted GFA reached 6.5 million square meters (including the total
contracted sales amount of HK$11.1 billion and the total contracted GFA of
1,034,500 square meters from China Overseas Grand Oceans Group Ltd.). As at
the end of August, the property subscription sales amounted to HK$5.6 billion
and the subscription GFA reached 417,500 square meters.
In August, the Pearl River Delta Region realized both the strongest contracted
sales amount and contracted GFA sold – its total contracted sales amounted to
HK$2,005 million and its total contracted GFA sold amounted to 147,400 square
In August, the Company acquired 2 new projects in Harbin and Foshan with total
attributable GFA of 555,143 square meters. The land premium payable was RMB1.8
billion. Besides, China Overseas Grand Oceans Group Ltd. acquired 2 new
projects in Yangzhou and Changzhou with an attributable GFA of 407,337 square
meters. The land premium payable was RMB1.2 billion.
The Company acquired a total new land amounting to 7.3 million square meters
and the attributable portion was 7.0 million square meters so far this year.
Press spacebar to pause and continue. Press esc to stop.