China Overseas sales hit HK$21b in February

Business | 6 Mar 2019 6:08 pm

Blue-chip developer China Overseas Land & Investment (0688) reported today contracted property sales amounted to HK$21.1 billion and corresponding gross floor area sold was about 1.11 million square meters last month.

As of February 28, subscribed property sales of approximately HK$33.2 billion had been recorded and are expected to be turned into contracted property sales in the following months, it noted in a stock exchange filing.

Meanwhile, the group acquired three land parcels in Shanghai, Taiyuan and Beijing with aggregate attributable gross floor area of about 614,702 sq m in February while the land premium payable in respect of the relevant land acquisitions amounted to approximately 8.78 billion yuan.

Shares of China Overseas slid by 0.51 percent, or 15 HK cents, to close at HK$29.05.

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