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China Overseas Development Announces Real Estate Sales in February 2017

Time: 2017-03-16 11:26:44  Source: China Overseas Holdings Limited
(Hong Kong, March 6, 2017) China Overseas Development Co., Ltd. ("the company"; stock code: 00688.HK) announced that the company, together with its subsidiaries, The contracted property sales of the joint ventures and associated companies (collectively referred to as "China Overseas Series Companies") in February were approximately HK$14.997 billion, and the corresponding floor area was approximately 1,005,300 square meters.
From January to February 2017, the cumulative contracted property sales of the China Overseas Series of Companies were approximately HK$34.815 billion, and the corresponding cumulative floor area was approximately 2.0645 million square meters. Meter. On February 28, 2017, the China Overseas Group of Companies recorded subscribed shopping sales of approximately HK$10.87 billion, which is expected to be converted into contracted property sales in the next few months.
In February, the company and its subsidiaries (collectively referred to as the "Group") acquired seven plots in Zhengzhou, Beijing, Suzhou, Yantai and Wuxi , The total attributable floor area is approximately 958,188 square meters. The land transfer fee payable by the Group for the acquisition of land is approximately RMB 3,330.78 million.
Note: There are various uncertainties in the sales and investment process. The above sales and new land bank data may be different from the figures disclosed in regular reports, so the above data is for reference only .
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