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%
- Written by Reporters
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
Source http://www.media-outreach.com/release.php/View/5716#Contact