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CIFI Holdings (Group) Co. Ltd. (HKEx:884) Publishes Corporate Monthly Newsletter – Nov 2012

CIFI Holdings (Group) Co. Ltd.
2012-12-11 23:04 1042

HONG KONG, Dec. 11, 2012 /PRNewswire/ --

Contracted Sales

  • From January to November 2012, the Group achieved contracted sales and contracted GFA of approximately RMB 8.54 billion and 932,000 sq.m., respectively. Contracted ASP from January to November 2012 was RMB9,160/sq.m.
  • The Group's contracted sales and contracted GFA in the first 11 months of 2012 have already surpassed the full year contracted sales and contracted GFA in 2011 by 57% and 72%, respectively, and have also exceeded our full year sales target for the current year.
  • In November 2012, the Group achieved contracted sales of approximately RMB 1.03 billion and contracted GFA of approximately 105,000 sq.m. Contracted ASP in November 2012 was RMB9,810/sq.m.

Land Acquisition

  • In November 2012, the Group successfully purchased the following new projects through public auctions:
City  Project  Intended primary use  Site area
(sq.m.) 
Planned GFA (sq.m.)  Consideration (RMB)  Avg. land cost (RMB/sq.m.) 
Tianjin Binhai Tourism Zone G2012-08 Site Industrial office park 168,538 168,538 55,000,000 326
Shanghai Jiading District Nanxiang Town 37-01 Site Commercial and office 10,630 26,575 99,000,000 3,725
Shanghai Jiading District Nanxiang Town 37-02 Site Commercial and office 10,825 27,063 73,070,000 2,700

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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