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News From Hong Kong

  • Written by Media Outreach

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 /Commercial

97,600

182,100

911,000,000

5,002

Xuzhou

Gulou District, Huanghe North Road Project

100%

Residential /Commercial

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

Authors: Media Outreach

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