China Overseas Land & Investment's February Contracted Sales Rise 56%

MT Newswires Live
06 Mar

China Overseas Land & Investment (HKG:0688) recorded contracted property sales of roughly 13.2 billion yuan in February, up 55.5% from a year prior, a Thursday bourse filing said.

The sales area stood at 652,700 square meters, an increase of 53% year-over-year.

In the two months ended February, the total contracted sales were 25.2 billion yuan, with a gross floor area of 1,245,900 square meters, up 32.8% and 26.2% year-on-year, respectively.

As of Feb. 28, subscribed property sales stood at approximately 7.09 billion yuan.

In February, the property company acquired two land parcels in Zhengzhou and Beijing with an attributable gross floor area of 166,642.52 square meters and an attributable land premium of 2.11 billion yuan.

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