omniture

Zhongliang Holdings Group (2772.HK) Achieved RMB86B in First Eight Months of 2019, up approx. 28% YoY

HONG KONG, Sept. 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 August 2019.

Contracted Sales

Achieved RMB86B in First Eight Months of 2019, up approx. 28% YoY Completed 66% of Full Year Sales Target

From January to August 2019, the group achieved contracted sales (including those from joint ventures and associated companies) of approximately RMB86 billion, representing a YoY increase of approximately 28% and contracted GFA of approximately 8,315,300 sq.m., representing a YoY increase of approximately 35%. From January to August 2019, contracted ASP was approximately RMB10,300 /sq.m.

In August 2019, the group achieved contracted sales of approximately RMB11 billion, representing a YoY increase of approximately 22% (compared to August 2018) and contracted GFA of approximately 1,120,000 sq.m., representing a YoY increase of approximately 25% (compared to August 2018). The contracted ASP amounted to approximately RMB9,800 /sq.m.

Land Acquisition

From January to August in 2019, the group added a total of 94 land parcels, with an aggregate land premium of approximately RMB46 billion.

Table below is the August 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. 2019-21 at Chengxi
Area,
Chaohu City

Chaohu

Fourth-tier

Anhui

Yangtze River Delta

40,112

47,335

94,670

4,237

Land of Federation of Supply
and Marketing at
Huangdao Area, Qingdao City

Qingdao

Second-tier

Shandong

Pan-Bohai Rim

24,800

6,667

20,667

12,000

Land at South of Zhuxiashu
Road and East of
Longjiangzhong Road, Zhonglou Area, Changzhou
City

Changzhou

Third-tier

Jiangsu

Yangtze River Delta

133,000

83,642

184,012

7,228

Land at South of Feng'an Henan
and West of Shuntong Road,
Hengli Town, Economic
Development Zone, 
Changzhou City

Changzhou

Third-tier

Jiangsu

Yangtze River Delta

58,900

67,402

148,284

3,972

Land no. AJ2019J-42 at
Chengbei,
Anji County

Huzhou

Third-tier

Zhejiang

Yangtze River Delta

45,860

65,378

98,067

4,676

Land no. AJ2019J-43 at
Chengbei,
Anji County

Huzhou

Third-tier

Zhejiang

Yangtze River Delta

7,015

10,261

15,392

4,558

Land C at Hanshan, Quanshan
Area,
Xuzhou City

Xuzhou

Third-tier

Jiangsu

Yangtze River Delta

172,400

64,322

141,509

12,183

Land at Beiyuan Thermal Power
Station, Jinjishan,
Chengzhong, Zhuji

Shaoxing

Third-tier

Zhejiang

Yangtze River Delta

54,018

64,135

83,376

6,479

Land no. D-13 at Hongshan
Area,
Chifeng City

Chifeng

Third-tier

Inner Mongolia

Midwest China

33,100

44,179

88,358

3,746

*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
Related Stocks:
HongKong:2772
Keywords: Real Estate
collection