omniture

Zhongliang Holdings Group (2772.HK) Achieved RMB114.5B in First Ten Months of 2019, up approx. 40% YoY

Zhongliang Holdings Group Company Limited
2019-11-04 20:36 6425

HONG KONG, Nov. 4, 2019 /PRNewswire/ -- The board of directors of Zhongliang Holdings Group Company Limited (the "Group"; Stock Code: 2772) announced the certain unaudited operating statistics of the Group for October 2019.

Contracted Sales

Achieved RMB114.5B in First Ten Months of 2019, up approx. 40% YoY Completed 88% of Full Year Sales Target

From January to October 2019, the Group achieved contracted sales (including those from joint ventures and associated companies) of approximately RMB114.5 billion, representing a YoY increase of approximately 40% and contracted GFA of approximately 10,949,500 sq.m., representing a YoY increase of approximately 36%. From January to October 2019, contracted ASP was approximately RMB10,500 /sq.m.

In October 2019, the Group achieved contracted sales of approximately RMB14.0 billion, representing a YoY increase of approximately 79% and contracted GFA of approximately 1,291,600 sq.m., representing a YoY increase of approximately 31%. The contracted ASP amounted to approximately RMB10,800 /sq.m.

Land Acquisition

From January to October in 2019, the Group added a total of 115 land parcels, with an aggregate land premium of approximately RMB59.2 billion.

Table below is the October land acquisition:

Project

City

City level

Province

Region

Land Cost
(RMB10,000)

Site Area
(sq.m.)

Total Planned
GFA
Excluding
Carpark
(sq.m.)

Average
Land Cost
(RMB/sq.m.) 

Land no. HS17-03-09 at Haishu
District, Ningbo City

Ningbo

Second-tier

Zhejiang

Yangtze River
Delta

258,134

51,215

148,524

17,380

Land at Phase 1, Shushiying No. 1,
Lvshunkou District, Dalian City

Dalian

Second-tier

Liaoning

Pan-Bohai
Rim

36,727

61,894

107,445

3,418

Land no. L02-02/02 at the south of
Chang'an Avenue, Dianjiang
County, Chongqing City

Chongqing

Second-tier

Chongqing

Midwest
China

32,633

164,816

296,669

1,100

Land no. SG-1961 at Xiaodian
District, Taiyuan City

Taiyuan

Second-tier

Shanxi

Midwest
China

29,845

13,901

69,504

4,294

Land no. FT1911 at Old Town
District, Fanchang County

Wuhu

Third-tier

Anhui

Yangtze River
Delta

27,420

76,785

153,570

1,786

Land no. 2 at Laojie Organic
Renewal Phase I, Ersanli Street,
Yiwu

Yiwu

Third-tier

Zhejiang

Yangtze River
Delta

98,720

49,097

147,290

6,702

Land E at Lukang North Plant
Area

Jining

Third-tier

Shandong

Pan-Bohai
Rim

24,540

37,431

82,348

2,980

Land no. 081 at Gao Xin District,
Ankang City

Ankang

Fourth-tier

Shaanxi

Midwest
China

49,430

116,733

245,139

2,016

Land no. Bang Gua (2019) 50 at
Huai Shang District, Bangbu City

Bangbu

Fourth-tier

Anhui

Yangtze River
Delta

23,294

56,469

112,938

2,063

Land P(2019) 126, West Lake
Road, west of Tianmen City

Tianmen

Fourth-tier

Hubei

Midwest
China

10,648

46,483

120,856

881

*Note: Subject to land biding, investment cooperation agreements, land grant contracts and equity cooperation agreements

Company Profile

Headquartered in Shanghai, based in the Yangtze River Delta Economic Region with a national footprint, Zhongliang Holdings is a fast - growing comprehensive nationwide real estate developer with 100 billion contracted sales. In 2019, we are recognized as TOP 20 real estate developer in China and ranked TOP 1 in terms of development potential by China Real Estate Association and E-house China R&D Institute China Real Estate Appraisal Center. We focus on the development of residential properties and have recently started to develop, operate and manage commercial properties.

We offer three standardized product series, namely, the Shanti, the Glory and the Royal series, targeting first-time purchasers, first-time upgraders and second-time upgraders. By virtue of approximately 19 years of experience in China's real estate industry and regional expansion strategy, we have a product portfolio of 385 projects across five core economic zones in China, namely, Yangtze River Delta, the Midwest China, the Pan-Bohai, the Western Taiwan Straits and the Pearl River Delta, covering 139 cities in 23 provinces and municipalities, our total land bank reached 53 million sq.m as at 30 June 2019.

Source: Zhongliang Holdings Group Company Limited
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