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 |
Site Area |
Total Planned |
Average |
Land no. HS17-03-09 at Haishu |
Ningbo |
Second-tier |
Zhejiang |
Yangtze River |
258,134 |
51,215 |
148,524 |
17,380 |
Land at Phase 1, Shushiying No. 1, |
Dalian |
Second-tier |
Liaoning |
Pan-Bohai |
36,727 |
61,894 |
107,445 |
3,418 |
Land no. L02-02/02 at the south of |
Chongqing |
Second-tier |
Chongqing |
Midwest |
32,633 |
164,816 |
296,669 |
1,100 |
Land no. SG-1961 at Xiaodian |
Taiyuan |
Second-tier |
Shanxi |
Midwest |
29,845 |
13,901 |
69,504 |
4,294 |
Land no. FT1911 at Old Town |
Wuhu |
Third-tier |
Anhui |
Yangtze River |
27,420 |
76,785 |
153,570 |
1,786 |
Land no. 2 at Laojie Organic |
Yiwu |
Third-tier |
Zhejiang |
Yangtze River |
98,720 |
49,097 |
147,290 |
6,702 |
Land E at Lukang North Plant |
Jining |
Third-tier |
Shandong |
Pan-Bohai |
24,540 |
37,431 |
82,348 |
2,980 |
Land no. 081 at Gao Xin District, |
Ankang |
Fourth-tier |
Shaanxi |
Midwest |
49,430 |
116,733 |
245,139 |
2,016 |
Land no. Bang Gua (2019) 50 at |
Bangbu |
Fourth-tier |
Anhui |
Yangtze River |
23,294 |
56,469 |
112,938 |
2,063 |
Land P(2019) 126, West Lake |
Tianmen |
Fourth-tier |
Hubei |
Midwest |
10,648 |
46,483 |
120,856 |
881 |
*Note: Subject to land biding, investment cooperation agreements, land grant contracts and equity cooperation agreements |
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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.