China Overseas Land reports 38.8b yuan March sales

China Overseas Land and Investment (0688) said contracted property sales were 38.83 billion yuan (HK$46.06 billion) in March.

In the first quarter, the accumulated contracted property sales of the China Overseas Series of Companies amounted to 89.411 billion yuan and the accumulated corresponding GFA sold was about 4.43 million square meters.

In March, it acquired three land parcels in Suzhou, Dongguan and Zhengzhou with an aggregate attributable GFA of about 896,719.50 square meters. The land premium payable by the group in respect of the relevant land acquisitions was around 7.67 billion yuan.