[ET Net News Agency, 4 June 2020] China Overseas Land & Investment Limited (00688) said
for May 2020, the contracted property sales of the China Overseas Series of Companies
amounted to RMB26.784 billion and the corresponding gross floor area (GFA) sold was
1,479,500 square metres, with a year-on-year decrease of 5.4% and a year-on-year decrease
of 9.6% respectively.
From January to May 2020, the accumulated contracted property sales of the China
Overseas Series of Companies amounted to RMB114.452 billion and the accumulated
corresponding GFA sold was 6,270,100 square metres, with a year-on-year decrease of 5.9%
and a year-on-year decrease of 6.5% respectively
In addition, as at 31 May 2020, the China Overseas Series of Companies had recorded
subscribed property sales of RMB25.885 billion, which are expected to be turned into
contracted property sales in the following months.
For May 2020, the company acquired 6 land parcels in Changsha, Taiyuan, Weihai, Tianjin,
Dalian and Foshan with aggregate attributable GFA of 1,973,655.93 square metres. The land
premium payable by the group in respect of the relevant land acquisitions amounted to
RMB16,887.35 million. (RC)