China Overseas Land and Investment Limited announces property sales results for May 2017

China Overseas Land and Investment Limited announced that, for May 2017, the contracted property sales of the Company, together with its subsidiaries, joint ventures and associates amounted to approximately HK$20.526 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,336,500 square meters.

From January to May 2017, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$96.762 billion and the accumulated corresponding GFA sold was approximately 5,868,000 square meters. As at 31 May 2017, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$18.888 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 seven new land parcels in Suzhou, Zhongshan, Wuhan, Beijing, Fuzhou, Hongkong and Zhenjiang with aggregate attributable gross floor area of approximately 1,092,902 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB9,441.51 million.

Source: China Overseas Land and Investment Limited

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