china overseas land and investment limited announces property sales results for october 2018 | 中國海外集團-pg电子(中国)官方网站

 (hong kong, 7 november 2018) china overseas land and investment limited (the “company”; stock code: 0688.hk) announced that, for october 2018, 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$24.470 billion and the corresponding gross floor area (“gfa”) sold was approximately 1,299,100 square meters.

as at 31 october 2018, the china overseas series of companies had recorded subscribed property sales of approximately hk$35.952 billion, which are expected to be turned into contracted property sales in the following months.

in october, the company (together with its subsidiaries (collectively, the “group”)) acquired 7 land parcels in shanghai, harbin, wuhan and beijing with aggregate attributable gross floor area (“gfa”) of approximately 743,958.91 square meters, of which 6 will be developed in form of cooperation projects. the land premium payable by the group in respect of the relevant land acquisitions amounted to approximately rmb12,436.59 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.