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China Overseas Development Announces Real Estate Sales in April 2017

Time: 2017-05-24 16:41:10  Source: China Overseas Holdings Limited

(Hong Kong, May 8, 2017) China Overseas Development Co., Ltd. ("the company"; stock code: 00688.HK) announced that the company, together with its subsidiaries, joint ventures and associated companies (collectively referred to as "China Overseas Corporation" ) Contracted property sales in April were approximately HK$19.073 billion, and the corresponding floor area was approximately 1,217,300 square meters.

From January to April 2017, the cumulative contracted property sales of China Overseas Group Corporation was approximately HK$76.236 billion, and the corresponding cumulative floor area was approximately 4.5317 million square meters. On April 30, 2017, the China Overseas Group of Companies recorded subscribed shopping sales of approximately HK$15.203 billion, which is expected to be converted into contracted property sales in the next few months.

In April, the company and its subsidiaries (collectively referred to as the "Group") acquired a plot of land in Foshan City, with a total attributable floor area of ??approximately 90,290 square meters. The land transfer fee payable by the Group for the acquisition of land was approximately RMB628.70 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 the regular report, so the above data is for reference only.

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