china overseas land and investment limited announces property sales results for december 2017 | 中國海外集團-必一运动官网

(hong kong, 10 january 2018) china overseas land and investment limited (the “company”; stock code: 0688.hk) announced that, for december 2017, 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$12.736 billion and the corresponding gross floor area (“gfa”) sold was approximately 859,900 square meters.

from january to december 2017, the accumulated contracted property sales of the china overseas series of companies amounted to approximately hk$232.069 billion and the accumulated corresponding gfa sold was approximately 14,463,200 square meters. as at 31 december 2017, the china overseas series of companies had recorded subscribed property sales of approximately hk$22.136 billion, which are expected to be turned into contracted property sales in the following months.

in december, the company together with its subsidiaries (collectively the “group”) acquired 2 land parcels in tianjin and beijing with aggregate attributable gross floor area (“gfa”) of approximately 36,676.68 square meters, which will be developed in form of cooperation project. the land premium payable by the group in respect of the relevant land acquisitions amounted to approximately rmb962.68 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.