[TodayIR] CHINA OVERSEAS: China Overseas Land and Investment Ltd
[TodayIR] CHINA OVERSEAS: China Overseas Land and Investment Ltd Announces Property Sales Results for October 2013 (8 November 2013) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688.HK) announced that the property contracted sales for October 2013 amounted to HK$9.8 billion and the contracted GFA reached 719,700 square meters (including contracted sales amount of HK$1,414 million and the contracted GFA of 140,800 square meters from China Overseas Grand Oceans Group Ltd. (stock code: 00081.HK)). From January to October 2013, the total property contracted sales amounted to HK$121.6 billion and the total contracted GFA reached 8.1 million square meters (including the total contracted sales amount of HK$14.6 billion and the total contracted GFA of 1.4 million square meters from China Overseas Grand Oceans Group Ltd.). The Company exceeded the revised-up sales target this year in advance. As at the end of October, the property subscription sales amounted to HK$7.7 billion and the subscription GFA reached 417,900 square meters. In October, the Yangtze River Delta Region realized both the strongest contracted sales amount and contracted GFA sold – its total contracted sales amounted to HK$4,905 million and its total contracted GFA sold amounted to 315,900 square meters. In October, the Company acquired 2 new projects in Shenzhen and Yantai with total attributable GFA of 1,746,026 square meters. The land premium payable was RMB5.6 billion. The Company acquired a total new land amounting to 9.6 million square meters and the attributable portion was 9.3 million square meters so far this year. 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.