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CIFI Holdings (Group) Co. Ltd. Announces Corporate Monthly Newsletter - Jan 2013

CIFI Holdings (Group) Co. Ltd.
2013-02-04 09:27 1120

HONG KONG, Feb. 4, 2013 /PRNewswire/ -- CIFI Holdings (Group) Co. Ltd. (HKEx:884) announced today the Corporate Monthly Newsletter for Jan 2013. Details as follows:

Contracted Sales

  • In January 2013, the Group achieved accumulated contracted sales and contracted GFA of approximately RMB 1.40 billion and 123,000 sq.m., respectively. Contracted ASP of January 2013 was approximately RMB11,400/sq.m.
  • The Group's contracted sales for January 2013 represents a year-on-year increase of 10.5 times (compared to January 2012) and a month-on-month increase of 40% (compared to December 2012).

Land Acquisition

  • In January 2013, the Group successfully purchased the following new projects through public auctions:
City Project Group's equity interest Intended primary use Site area
(sq.m.)		 Planned GFA excluding carpark
(sq.m.)		 Consideration
(RMB)		 Average land cost
(RMB/sq.m.)
Shanghai Minxing District Huacao 20-02 Site 50% Office and commercial 14,812 29,624 182,200,000 6,150
Tianjin Xiqing District Zhongbei Zhen No.6 Site 100% Residential 165,189 332,100 1,340,000,000 4,035

Disclaimer

All information contained in this newsletter is meant for your own reference only, and is not intended to, nor should it, constitute any investment advice.  Any information contained in this newsletter, including those relating to contracted sales or land bank of CIFI Holdings (Group) Co. Ltd. (the "Company"), may be subject to change as a result of changes in our development, sales and investment processes and may not be consistently reflected in our financial reports. The Company expressly disclaims any liability for any of your loss or damage howsoever arising from or in reliance upon the contents of this newsletter.

Source: CIFI Holdings (Group) Co. Ltd.
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