China Overseas Land & Investment : and Investment Limited Announces Property Sales Results for December 2018

(Hong Kong, 7 January 2019) China Overseas Land and Investment Limited (the 'Company'; Stock Code: 0688.HK) announced that, for December 2018, the contracted property sales of the Company, together with its subsidiaries, joint ventures and associates (collectively the 'China Overseas Series of Companies') amounted to approximately HK$28.402 billion and the corresponding gross floor area ('GFA') sold was approximately 1,235,800 square meters.

As at 31 December 2018, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$36.803 billion, which are expected to be turned into contracted property sales in the following months.

In December, the Company (together with its subsidiaries (collectively, the 'Group')) acquired 10 land parcels in Dalian, Wuhan, Yantai, Qingdao, Chengdu, Changchun, Suzhou, Shanghai, Hong Kong with aggregate attributable gross floor area ('GFA') of approximately 1,815,791.85 square meters, of which 3 will be developed in form of cooperation projects. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB15,452.58 million.

Note : In view of the uncertainties involved in investment and sales process, discrepancies may exist between the above figures and those disclosed in our regular reports. As such, the above is for reference only.