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China Overseas Development Announces Real Estate Sales in April 2018

Time: 2018-05-08 10:55:50  Source: China Overseas Holdings Limited

(Hong Kong, May 7, 2018) 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 April were approximately HK$20.154 billion, and the corresponding floor area was approximately 1,097,000 square meters.

On April 30, 2018, a series of China Overseas companies recorded subscribed shopping sales of approximately HK$33.151 billion, which is expected to be converted into contract properties in the next few months Sales.

In April, the company (together with its subsidiaries (collectively referred to as the “Group”) acquired two plots of land in Beijing and Kunming. Area") in total is approximately 626,423.59 square meters, and one of the plots will be developed in a cooperative mode. The land transfer fee payable by the Group for the relevant land acquisition is approximately RMB 3,333.86 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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