China Overseas Land & Investment Ltd.'s contracted sales in February increased year over year to approximately HK$16.49 billion from HK$15.00 billion.
Contracted sales area for the reporting month, meanwhile, amounted to approximately 882,300 square meters.
Year-to-date, the Hong Kong-listed developer accumulated contracted sales of nearly HK$42.32 billion, which reflects estimated gross floor sales area of 2,452,000 square meters.
Separately, China Overseas Land said it spent nearly 14.74 billion yuan in total for 11 land parcels in China with a combined gross floor area of roughly 2,731,020.25 square meters. The company noted that three of the land plots will be jointly developed with other parties.
As of March 8, US$1 was equivalent to 6.34 yuan.
