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CIFI Holdings (Group) Co. Ltd.(HKEx:884) Announces Feb 2013 Corporate Monthly Newsletter

CIFI Holdings (Group) Co. Ltd.
2013-03-04 09:00 1152

HONG KONG, March 4, 2013 /PRNewswire/ --

Contracted Sales

  • From January to February 2013, the Group achieved contracted sales and contracted GFA of approximately RMB 2.125 billion and 196,000 sq.m., respectively. Contracted ASP from January to February 2013 was approximately RMB 10,800/sq.m.
  • The Group's contracted sales in the first 2 months of 2013 represents a year-on-year increase of 2.7 times over the contracted sales in the same period in 2012.
  • In February 2013, the Group achieved contracted sales of approximately RMB 725 million and contracted GFA of approximately 73,000 sq.m. Contracted ASP in February 2013 was approximately RMB 9,900/sq.m.  The Group's contracted sales for February 2013 represents a year-on-year increase of approximately 60% (compared to February 2012).

Land Acquisition

  • In February 2013, the Group successfully purchased the following new projects through public auctions/tenders:
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.)  
Chongqing   Yubei District G53 Site   100%   Office   24,200   60,400   101,000,000   1,672  
Beijing   Fangshan District Liangxiang Town Site   100%   Office   30,800   86,100   537,088,400   6,238  
Jiaxing   Yunhe New District Site  100%   Residential   24,400   61,000   151,791,636   2,488  

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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HongKong:0884
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