HONG KONG, July 6, 2015 /PRNewswire/ -- CIFI Holdings (Group) Co. Ltd. ("CIFI", or the "Group", HKEX Code: 884), one of the "Top 100 Real Estate Developers in China", is pleased to announce that the contract sales was a record high with strong year-on-year and month-on-month growth in June.
The Group achieved contracted sales of approximately RMB 2.93 billion, being a new record high for the Group's monthly contracted sales, and represents a year-on-year increase of approximately 47% compared to June 2014 and a month-on-month increase of approximately 42% compared to May 2015. Contracted GFA and ASP in June 2015 was approximately 222,400 sq.m. and RMB 13,160 per sq.m., respectively.
From January to June 2015, the Group achieved contracted sales and contracted GFA of approximately RMB 10.52 billion and 840,200 sq.m., respectively. Contracted sales in the first six months of 2015 represents a year-on-year increase of approximately 3% over the contracted sales in the same period in 2014. Contracted ASP from January to June 2015 was approximately RMB 12,500 per sq.m. During the first six months of 2015, the Group completed approximately 42% of its full year 2015 contracted sales target of RMB 25 billion.
From January to June 2015, breakdowns of the Group's contracted sales were as follows:
| By City |
RMB'billion |
% of total |
| Shanghai |
2.45 |
23.3% |
| Beijing |
2.03 |
19.3% |
| Suzhou |
1.24 |
11.8% |
| Hangzhou |
1.18 |
11.2% |
| Tianjin |
0.96 |
9.1% |
| Hefei |
0.92 |
8.8% |
| Changsha |
0.68 |
6.5% |
| Wuhan |
0.31 |
2.9% |
| Chongqing |
0.13 |
1.2% |
| Shenyang |
0.13 |
1.2% |
| Jiaxing |
0.22 |
2.1% |
| Zhenjiang |
0.22 |
2.1% |
| Langfang |
0.05 |
0.5% |
| By Region |
RMB'billion |
% of total |
| Yangtze River Delta |
6.23 |
59.3% |
| Pan Bohai Rim |
3.17 |
30.1% |
| Central Western Region |
1.12 |
10.6% |
Land Acquisition
In June 2015, the Group successfully purchased the following new project:
| City |
Project |
Group's Current Equity Interest |
Intended Primary Use |
Site Area (sq.m.) |
Total Planned GFA Excluding Carpark (sq.m.) |
Group's Attributable Consideration (RMB) |
Average Land Cost (RMB/ sq.m.) |
| Suzhou |
Gaoxin District Huashan Road Project |
50% |
Residential |
178,687 |
180,474 |
480,000,000 |
5,319 |
| Beijing |
Daxing District Yinghai Town Jiangchang Cun Project |
65% |
Residential |
13,542 |
18,958 |
146,250,000 |
11,868 |
| Beijing |
Daxing District Pangge Zhuang Town Project |
39% |
Office/Commercial, Residential |
158,280 |
266,222 |
939,900,000 |
9,053 |
| Chongqing |
New Northern District Dazhulin Project (two adjacent sites) |
30% (1) |
Residential, Commercial |
325,619 |
635,739 |
698,700,000 |
3,663 |
About CIFI Holdings (Group) Co. Ltd.
CIFI is headquartered in Shanghai and is amongst China's Top 30 Real Estate Developers. CIFI principally focus on developing high quality and end-users driven properties in first- and second-tier cities in China. CIFI's development projects cover various properties types including residential, office and commercial complexes. To learn more about the Company, please visit CIFI's website at: http://www.cifi.com.cn
