[TodayIR] CHINA OVERSEAS: China Overseas Land and Investment Ltd Announces
Property Sales Results for September 2013
(10 October 2013) China Overseas Land and Investment Ltd ("COLI" or the
"Company", stock code: 00688.HK) announced that the property contracted sales
for September 2013 amounted to HK$13.6 billion and the contracted GFA reached
907,900 square meters (including contracted sales amount of HK$2,078 million
and the contracted GFA of 212,600 square meters from China Overseas Grand
Oceans Group Ltd. (stock code: 00081.HK)). From January to September 2013, the
total property contracted sales amounted to HK$111.8 billion and the total
contracted GFA reached 7.4 million square meters (including the total
contracted sales amount of HK$13.2 billion and the total contracted GFA of
1,247,100 square meters from China Overseas Grand Oceans Group Ltd.). As at
the end of September, the property subscription sales amounted to HK$10.1
billion and the subscription GFA reached 604,300 square meters.
In September, the Yangtze River Delta Region realized both the strongest
contracted sales amount and contracted GFA sold – its total contracted sales
amounted to HK$6,360 million and its total contracted GFA sold amounted to
254,000 square meters.
In September, the Company acquired 3 new projects in Ningbo with total
attributable GFA of 480,071 square meters. The land premium payable was RMB3.0
billion. The Company acquired a total new land amounting to 7.8 million square
meters and the attributable portion was 7.5 million square meters so far this
Note: In view of the uncertainties involved in investment and sales process,
there may exist discrepancies between the above figures and those disclosed in
our regular reports. As such, the above is only for reference purpose.
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