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China Overseas Development Announces Real Estate Sales in September 2017

Time: 2017-10-13 12:00:09  Source: China Overseas Holdings Limited

(Hong Kong, October 12, 2017) China Overseas Development Co., Ltd. ("the company"; stock code: 0688.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 September were approximately HK$20.681 billion, and the corresponding floor area was approximately 1,254,000 square meters.

From January to September 2017, the cumulative contracted property sales of the China Overseas Group Corporation were approximately HK$183.644 billion, and the corresponding cumulative floor area was approximately 11.882 million square meters. On September 30, 2017, the China Overseas Group of Companies recorded subscribed shopping sales of approximately HK$23.337 billion, which is expected to be converted into contracted property sales in the next few months.

In September, the company and its subsidiaries (collectively referred to as the "Group") acquired 16 land parcels in Zhengzhou, Kunming, Beijing, Shenyang, Dongguan, Xiamen, Changchun, Chongqing and Suzhou , The total attributable floor area is approximately 3,050,725 square meters. The land transfer fee payable by the Group for the acquisition of land is approximately RMB 18,503.19 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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