Good Sales Pace Heading Into 2019 for COLI; Strong Price Growth Should Support Margin
Heading into 2019, China Overseas Land & Investment reported contract sales of HKD 50 billion through February, up 18% year on year. The increase was attributed to strong price growth with steady volume. This is a strong performance relative to peers. Coupled with its relatively quick pace of land acquisition during 2018, the company should have adequate amount of salable resources in 2019 and benefit from the continuing consolidation trend in an overall weakening property market. At this po...China Overseas Land & Investment is an investment holding company. Co. is principally engaged in property development and investment, real estate agency and management, and treasury operations. Co.'s business activities are principally carried out in Hong Kong, Macau, Guangzhou, Shanghai, Beijing, Foshan, Chengdu, Nanjing, Suzhou and other regions in the China. Co.'s segments include: Property development, which is involved in the proceeds from property development activities; Property investment, which is involved in property rentals; and Other operations, which is involved in real estate agency and management services, construction and building design consultancy services.
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