China Quality News Network News (Gu Ailong) On March 6, China Overseas Land & Investment *** disclosed updated data on property sales and land acquisitions for the two months ended February 29, 2024. In the first two months, the contracted property sales amount of China Overseas Series companies was about RMB84RMB9.1 billion, down 69% year-on-year; The corresponding floor area sold is about 42660,000 square meters, down 714%。
Source: China Overseas Land & Investment***
From January to February 2024, the cumulative contracted property sales amount of China Overseas Series Company was approximately RMB1899.5 billion yuan, and the corresponding cumulative floor area sold is about 9870,000 square meters, down 53.-year-on-year2% and 552%。
In addition, as of 29 February 2024, China Overseas Series Company recorded sales of subscribed properties of approximately RMB146$7.5 billion, which is expected to be converted into contracted property sales in the coming months.
In February 2024, the Group acquired a land parcel in Tianjin, with an attributable floor area of approximately 77,80941 square meters. The land transfer fee payable in respect of the relevant land acquisition is approximately RMB96.5 billion yuan. From January to February 2024, the cumulative attributable floor area of the land acquired by the Group was approximately 77,80941 square meters, the cumulative land transfer fee payable is about RMB 96.5 billion yuan.
In February 2024, there was no new land bank for COOCL and its subsidiaries.