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 |
Site |
Total Planned |
Average |
Land no. 2019-21 at Chengxi |
Chaohu |
Fourth-tier |
Anhui |
Yangtze River Delta |
40,112 |
47,335 |
94,670 |
4,237 |
Land of Federation of Supply |
Qingdao |
Second-tier |
Shandong |
Pan-Bohai Rim |
24,800 |
6,667 |
20,667 |
12,000 |
Land at South of Zhuxiashu |
Changzhou |
Third-tier |
Jiangsu |
Yangtze River Delta |
133,000 |
83,642 |
184,012 |
7,228 |
Land at South of Feng'an Henan |
Changzhou |
Third-tier |
Jiangsu |
Yangtze River Delta |
58,900 |
67,402 |
148,284 |
3,972 |
Land no. AJ2019J-42 at |
Huzhou |
Third-tier |
Zhejiang |
Yangtze River Delta |
45,860 |
65,378 |
98,067 |
4,676 |
Land no. AJ2019J-43 at |
Huzhou |
Third-tier |
Zhejiang |
Yangtze River Delta |
7,015 |
10,261 |
15,392 |
4,558 |
Land C at Hanshan, Quanshan |
Xuzhou |
Third-tier |
Jiangsu |
Yangtze River Delta |
172,400 |
64,322 |
141,509 |
12,183 |
Land at Beiyuan Thermal Power |
Shaoxing |
Third-tier |
Zhejiang |
Yangtze River Delta |
54,018 |
64,135 |
83,376 |
6,479 |
Land no. D-13 at Hongshan |
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.
