(9 July 2012) China Overseas Grand Oceans Group Ltd. (“COGOGL” or the “Company”, Stock Code: 00081) announced that the property sales in June amounted to HK$1,895 million and the GFA sold reached 160,300 square meters, representing an increase of 216.9% and 197.4% respectively as compared to May 2012. Strong sales were recorded in the third-tier cities, including Hohhot and Yinchuan, which contributed a significant portion of the property sales in June. From January to June 2012, the total property sales amounted to HK$8.0 billion and the total GFA sold reached 514,000 square meters.
No new land was acquired in June 2012. The Company acquired a total new land amounting to 1.4 million square meters and the attributable portion was 1.2 million square meters so far this year.
Note:In view of the uncertainties involved in investment and sales process, there may exist discrepancies between the above figures and those disclosed in our regular reports. As such, the above is only for reference purpose.
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