[ET Net News Agency, 7 August 2020] China Overseas Land & Investment Limited (00688)
said for July 2020, the contracted property sales of the China Overseas Series of
Companies amounted to RMB21.490 billion and the corresponding gross floor area (GFA) sold
was 1,220,200 square metres, with a year-on-year decrease of 23.7% and a year-on-year
decrease of 16.6% respectively.
From January to July 2020, the accumulated contracted property sales of the China
Overseas Series of Companies amounted to RMB193.503 billion and the accumulated
corresponding GFA sold was 10,763,300 square metres, with a year-on-year increase of 0.1%
and a year-on-year increase of 0.8% respectively
In addition, as at 31 July 2020, the China Overseas Series of Companies had recorded
subscribed property sales of RMB13.889 billion, which are expected to be turned into
contracted property sales in the following months.
For July 2020, the company acquired 11 land parcels in Shenyang, Changchun, Taiyuan,
Beijing, Nanjing and Guangzhou with aggregate attributable GFA of 2,357,063.43 square
metres. The land premium payable by the group in respect of the relevant land acquisitions
amounted to RMB12,589.21 million. (RC)