China Overseas Land and Investment Limited Announces Property Sales Results for May 2016
[ Date：2016-06-22 Visits： ]
On 16 June 2016, China Overseas Land and Investment Limited (the "Company"; Stock Code: 00688.HK) announced that, for May 2016, 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$17.265 billion and the corresponding gross floor area ("GFA") sold was approximately 1,137,600 square meters.
From January to May 2016, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$72.135 billion and the accumulated corresponding GFA sold was approximately 4,694,800 square meters. As at 31 May 2016, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$5.842 billion, which are expected to be turned into contracted property sales in the following months.
In May, the Company together with its subsidiaries (collectively the "Group") acquired one new land parcel, in Changchun with attributable gross floor area of approximately 462,359 square meters. The land premium payable by the Group in respect of the relevant land acquisition amounted to approximately RMB656.04 million. (from COHL)【print】 【closed】