[TodayIR] CHINA OVERSEAS: China Overseas Land and Investment Ltd Announces
Property Sales Results for December 2013
(9 January 2014) China Overseas Land and Investment Ltd ("COLI" or the
"Company", stock code: 00688.HK) announced that the property contracted sales
for December 2013 amounted to HK$6.8 billion and the contracted GFA reached
486,500 square meters (including contracted sales amount of HK$1,384 million
and the contracted GFA of 146,400 square meters from China Overseas Grand
Oceans Group Ltd. (stock code: 00081.HK)). From January to December 2013, the
total property contracted sales amounted to HK$138.5 billion and the total
contracted GFA reached 9.2 million square meters (including the total
contracted sales amount of HK$17.2 billion and the total contracted GFA of 1.6
million square meters from China Overseas Grand Oceans Group Ltd.). As at the
end of December, the property subscription sales amounted to HK$18.5 billion
and the subscription GFA reached 793,800 square meters.
In December, the Yangtze River Delta Region realized both the strongest
contracted sales amount and contracted GFA sold – its total contracted sales
amounted to HK$1,920 million and its total contracted GFA sold amounted to
128,900 square meters.
In December, the Company acquired 5 new projects in Fuzhou, Shenyang, Wuxi,
Foshan and Changchun with an attributable GFA of 5,034,491.7 square meters.
The land premium payable was RMB13.8 billion. Besides, China Overseas Grand
Oceans Group Ltd. acquired 1 new project in Shaoxing with an attributable GFA
of 240,429.0 square meters. The land premium payable was RMB460 million. The
Company acquired a total new land amounting to 16.7 million square meters and
the attributable portion was 16.0 million square meters so far this year.
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