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BIZCHINA> Top Biz News
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China Overseas Land's property sales double in July
(Xinhua)
Updated: 2009-08-07 10:20 China Overseas Land and Investment Ltd, a major mainland real estate company listed in Hong Kong, announced Thursday that its property sales in July reached HK$4.1 billion ($529 million), surging 112.7 percent over the same period last year. In July, the company sold 421,500 sq m of floor space, jumping 144.6 percent year-on-year, said the company in a statement. From January to July this year, the total property sales amounted to HK$30.4 billion and the total floor space sold reached 3,248,600 sq m, up 71.1 percent and 97.9 percent, respectively, as compared to the same period of last year.
Currently, the company has a total land reserve of 24.8 million sq m, which is sufficient to meet the requirement of the company's development in the coming four-five years, says the statement. (For more biz stories, please visit Industries)
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