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China Overseas Land August sales surge YOY

China Overseas Land & Investment Ltd.'s contracted property sales for August totaled about HK$26.16 billion, up from the year-ago figure of HK$18.77 billion.

The figure corresponds to a gross floor area of about 1,266,200 square meters, compared to 1,182,300 square meters a year ago.

In the eight months through Aug. 31, the company, along with its units, logged contracted property sales of about HK$200.05 billion, corresponding to an accumulated sales area of about 10,927,800 square meters.

As at Aug. 31, the group had recorded subscribed property sales of about HK$42.44 billion.

For the reported month, the group paid about 10.10 billion yuan to purchase five land parcels in Nanjing, Zhengzhou, Yantai, Beijing and Harbin in China, encompassing a total attributable gross floor area of approximately 1,284,984 square meters.

As of Sept. 6, US$1 was equivalent to 6.84 yuan.