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China Overseas Land and Investment Limited Announces Property Sales Results for July 2021

Time:2021-08-06 10:10:42Source: China Overseas Holdings Limited

(Hong Kong, 5 Aug 2021) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that, for July 2021, 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 RMB22.699 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,028,600 square meters.

From January to July 2021, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately RMB229.906 billion and the accumulated corresponding GFA sold was approximately 11,524,100 square meters.

In July 2021, the Company (together with its subsidiaries (collectively, the “Group”)) acquired 1 land parcel in Dongguan with an aggregate attributable GFA of approximately 269,166.21 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB3,100.23 million.

Note: In view of the uncertainties involved in investment and sales process, discrepancies may exist between the above figures and those disclosed in our regular reports. As such, the above is for reference only.