CIFI Achieved Contracted Sales of RMB12.67B in May 2018, YoY Growth of 70%; First 5M Contracted Sales of RMB50.83B, YoY Growth of 33%
Completed 36% of the Full Year Sales Target (RMB140.0 billion)
HONG KONG, CHINA - Media OutReach - 6 June 2018 - CIFI Holdings (Group) Co. Ltd. ("CIFI", or the "Group", HKEX Code: 884), one of the "Top 15 Real Estate Developers in China" is pleased to announce that the Group achieved contracted sales of approximately RMB12.67 billion, representing a YoY increase of approximately 70% (compared to May 2017), contracted GFA amounted to approximately 736,500 sq.m. Contracted ASP in May 2018 was approximately RMB17,200/sq.m.
From January to May 2018, the Group achieved contracted sales of approximately RMB50.83 billion, representing a YoY increase of approximately 33%, contracted GFA amounted to approximately 3,290,300 sq.m. Contracted ASP from January to May 2018 was approximately RMB15,400/sq.m.
During the first 5M of 2018, contracted sales completed by the Group represented approximately 36% of its full year target of RMB140.0 billion.
Land Acquisition
In May 2018, the Group completed the following land acquisitions:
City |
Project |
Group's Current Equity Interest |
Intended Primary Use |
Site Area (sq.m.) |
Total Planned GFA Excluding Carpark (sq.m.) |
Group's Attributable Consideration (RMB) |
Average Land Cost (RMB/ sq.m.) |
Changzhou |
Tianning District, Changgaoji South Project |
100% |
Residential |
68,000 |
149,600 |
1,530,000,000 |
10,288 |
Foshan |
Shunde District, Beijiao No. 005 Project |
100% |
Residential |
81,500 |
203,600 |
1,980,000,000 |
9,723 |
Jining |
High-tech Zone, Fangyuanxinju South Project |
100% |
Residential |
58,400 |
64,200 |
139,540,000 |
2,173 |
City |
Project |
Group's Current Equity Interest |
Intended Primary Use |
Site Area (sq.m.) |
Total Planned GFA Excluding Carpark (sq.m.) |
Group's Attributable Consideration (RMB) |
Average Land Cost (RMB/ sq.m.) |
Quzhou |
Kecheng District, Railway Station Wanda East Project |
100% |
Residential / |
97,600 |
182,100 |
911,000,000 |
5,002 |
Xuzhou |
Gulou District, Huanghe North Road Project |
100% |
Residential / |
62,600 |
163,500 |
1,560,000,000 |
9,540 |
Xuzhou |
Xingshanzi Industrial Park, Dasanjiao Project |
50% |
Residential |
57,400 |
160,800 |
381,300,000 |
4,742 |
Jiangmen |
Heshan City, Fangyuanyuedao Shoufu Project |
49% |
Residential |
51,200 |
153,700 |
435,730,000 |
5,786 |
Weifang |
Kuiwen District, Jinma Road Project |
40% |
Residential |
68,800 |
151,500 |
248,670,000 |
4,105 |
Nanjing |
Jiangning District, Jiulong Lake G58 Project |
33% |
Office / Commercial |
26,700 |
133,300 |
202,950,000 |
4,612 |
About CIFI Holdings (Group) Co. Ltd.
Headquartered in Shanghai, CIFI is one of China's top 15 real estate developers. CIFI principally focuses on developing high-quality properties which target the end-users in first-, second- and third-tier cities in China. CIFI develops various types of properties, including residential flats, office buildings and commercial complexes.
To learn more about the Company, please visit CIFI's website at: http://www.cifi.com.cn
CIFI Holdings (Group) Co. Ltd.
Business
06 Jun 2018
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