omniture

CIFI Holdings (Group) Co. Ltd. (HKEx:884) - Corporate Monthly Newsletter - August 2013

CIFI Holdings (Group) Co. Ltd.
2013-09-03 08:30 4141

HONG KONG, Sept. 3, 2013 /PRNewswire/ --

Contracted Sales

  • From January to August 2013, the Group achieved contracted sales and contracted GFA of approximately RMB 9.26 billion and 908,000 sq.m., respectively. Contracted ASP from January to August 2013 was approximately RMB 10,192 /sq.m.
  • The Group's contracted sales in the first eight months of 2013 represented a year-on-year increase of 68% over the contracted sales in the same period in 2012. During the first eight months of 2013, the Group completed approximately 66% of its full year 2013 contracted sales target of RMB 14 billion.  The Group revised up its sales target from RMB 12.5 billion to RMB 14 billion in August 2013.
  • In August 2013, the Group achieved contracted sales of approximately RMB 1.10 billion and contracted GFA of approximately 95,000 sq.m. Contracted ASP in August 2013 was approximately RMB 11,613 /sq.m. The Group's contracted sales for August 2013 represented a year-on-year increase of approximately 17.5% (compared to August 2012).

Land Acquisition

  • In August 2013, the Group successfully made the following new project acquisition(s):
City  Project  Group's Equity Interest  Intended Primary Use  Site Area
(sq.m.) 
Planned GFA Excluding Carpark (sq.m.)  Attributable Consideration (RMB)  Average
Land Cost (RMB/sq.m.) 
Suzhou Gaoxin District Hushuguan No.59 Project 50% Residential 42,382 84,764 120,000,000 2,831
Wuhan Donghu Gaoxin District Gaoxinsilu Project 100% Residential 169,000 348,600 1,346,000,000 3,861

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.
collection