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China Overseas Land's property sales up 29.8% in Oct

Nov. 9, 2012 (China Knowledge) - China Overseas Land & Investment Ltd<0688>, a major real estate developer of China State Construction Engineering Corp Ltd<601668>, has said its property sales were HK$8.78 billion in October this year, up 29.8% YoY.

The developer sold 602,000 square meters of properties last month, up 7.8% from a year earlier.

Projects in Pearl River Delta contributed the most sales, which stood at HK$2.03 billion last month, while the sales area in Pearl River Delta contributed the most of 143,000 sq m last month.

In the first ten months of this year, the company's property sales totaled HK$100.68 billion, reflecting a growth of 28.9% YoY. Sales area amounted to 6.47 million sq m in the period, up 30.8% YoY.

The company earlier announced its net profit attributable to shareholders rose 10% YoY to HK$18.38 billion in the first nine months of this year.

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