Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Financial Market
 Search News  Or
China Overseas Land's property sales up 29.8% in 2011

Jan. 12, 2012 (China Knowledge) - China Overseas Land & Investment Ltd<0688>, a major real estate developer of state-owned China State Construction Engineering Corp Ltd<601668>, has posted HK$87.09 billion-sales revenue for 2011, which reflected a year-on-year increase of 29.8% or exceeded its annual target of HK$80 billion.

Last year, the Hong Kong-listed property company sold 5.58 million square meters of properties, 5.3% more than it sold in 2010.

In December alone, China Overseas Land & Investment sold 364,000 sq m of properties for a total of HK$5.53 billion, of which HK$1.52 billion was derived from property sales in North China, including Shenyang, Changchun, Dalian and Qingdao, up 26.7% from two years ago.

Sales area in North China increased 8% year on year to 146,000 sq m.

In the Bohai Economic Rim, the company saw sales revenue surge 78.9% from a year earlier to HK$1.32 billion, and the sales area for the region amounted to 59,500 sq m, up 44.1% year on year.

Last month, the real estate developer paid a total of RMB 960 million to acquire two plots, one in Ningbo of Zhejiang Province and one in Wuhan of Hubei Province, bringing the firm's net addition of land reserves in 2011 to 10.56 million sq m of potential floor area, sources reported.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved