HONG KONG, Oct. 12, 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 recorded high with strong year-on-year and month-on-month growth in September.
The Group achieved contracted sales of approximately RMB 3.01 billion, being a new record high for the Group's monthly contracted sales, represents a year-on-year increase of approximately 98% compared to September 2014 and a month-on-month increase of approximately 25% compared to August 2015. Contracted GFA and ASP in September 2015 was approximately 209,700 sq.m. and RMB 14,400/ sq.m., respectively.
From January to September 2015, the Group achieved contracted sales and contracted GFA of approximately RMB 17.29 billion and 1,334,600 sq.m., respectively. Contracted sales in the first nine months of 2015 represents a year-on-year increase of approximately 16% over the contracted sales in the same period in 2014. Contracted ASP from January to September 2015 was approximately RMB 13,000/ sq.m. During the first nine months of 2015, the Group completed approximately 70% of its full year 2015 contracted sales target of RMB 25 billion.
From January to September 2015, breakdowns of the Group's contracted sales were as follow:
| By City |
RMB'billion |
% of total |
| Shanghai |
4.25 |
25% |
| Beijing |
2.48 |
14% |
| Suzhou |
2.27 |
13% |
| Hangzhou |
2.33 |
14% |
| Tianjin |
1.41 |
8% |
| Hefei |
1.39 |
8% |
| Nanjing |
0.34 |
2% |
| Changsha |
1.07 |
6% |
| Wuhan |
0.50 |
3% |
| Zhenjiang |
0.33 |
2% |
| Jiaxing |
0.29 |
2% |
| Chongqing |
0.25 |
1% |
| Shenyang |
0.24 |
1% |
| Langfang |
0.14 |
1% |
| Yangtze River Delta |
11.20 |
65% |
| Pan Bohai Rim |
4.27 |
25% |
| Central Western Region |
1.82 |
10% |
Land Acquisition
In September 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.) |
| Tianjin |
Jinnan District No.2013-26 Project |
20% |
Residential |
82,164 |
147,895 |
86,310,000 |
2,918 |
| Wuhan |
Hanyang District Hanqiao Cun Project |
55% |
Residential/Commercial |
129,941 |
289,030 |
500,000,000(1) |
3,145 |
| Hangzhou |
Yuhang District Chongxian Xin Cheng B-4 Project |
100% |
Residential/Commercial |
54,075 |
129,780 |
337,430,000 |
2,600 |
| Hangzhou |
Xiaoshan District Baolong Project |
33% |
Residential/Commercial |
57,571 |
143,928 |
242,720,000 |
5,110 |
| Nanjing |
Jianye District North Yingtian Street No.26 Project |
49% |
Residential |
25,266 |
70,744 |
735,000,000 |
21,203 |
| Note: (1) Consideration of equity and shareholders' loan |
|||||||
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
