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China Overseas Development Announces Real Estate Sales in June 2017

Time: 2017-07-07 13:17:17  Source: China Overseas Holdings Limited
(Hong Kong, July 6, 2017) China Overseas Development Co., Ltd. ("the company"; stock code: 0688.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 June were approximately HK$30.556 billion, and the corresponding floor area was approximately 1,929,400 square meters.
From January to June 2017, the cumulative contracted property sales of the China Overseas Series of Companies were approximately HK$127.320 billion, and the corresponding cumulative floor area was approximately 7,797,400 square meters. Meter. On June 30, 2017, the China Overseas Group of Companies recorded subscribed shopping sales of approximately HK$16.704 billion, which is expected to be converted into contracted property sales in the next few months.
In June, the company and its subsidiaries (collectively referred to as the "Group") acquired four parcels of land in Shanghai, Urumqi, Zhangzhou and Chengdu. The total area is approximately 771,370 square meters. The land transfer fee payable by the Group for the acquisition of land was approximately RMB 5,014.46 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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