China Overseas Land and Investment Limited Announces Property Sales Results for August 2016
[ Date：2016-09-18 Visits： ]
China Overseas Land and Investment Limited (the “Company”; Stock Code: 00688.HK) announces that, for August 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$20.7 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,180,000 square meters.
From January to August 2016, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$128.7 billion and the accumulated corresponding GFA sold was approximately 8,020,000 square meters. As at 31 August 2016, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$7.5 billion, which are expected to be turned into contracted property sales in the following months.
In August, the Company together with its subsidiaries (collectively the “Group”) acquired two new land parcels in Jinan and Xi’an with aggregate attributable gross floor area of approximately 4,240,000 square meters. The land premium payable by the Group in respect of the relevant land acquisition amounted to approximately RMB8 billion. (from COHL)