China Overseas Land and Investment Ltd Announces Property Sales Results for September 2015
[ Date：2015-10-21 Visits： ]
On October 16, China Overseas Land and Investment Limited (the “Company”; Stock Code: 00688.HK) announced that, for September 2015, 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$15.217 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,124,500 square meters.
From January to September 2015, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$122.602 billion and the accumulated corresponding GFA sold was approximately 8,544,400 square meters. As at 30 September 2015, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$6.030 billion, which are expected to be turned into contracted property sales in the following months.
In September, the Company together with its subsidiaries (collectively the “Group”) acquired three new land parcels, in Nanjing, Foshan and Chengdu, with the aggregate attributable GFA of approximately 366,815 square meters. The land premium payable by the Group in respect of such new land acquired amounted to approximately RMB2,779.23 million. (from COHL)