HONG KONG, Jan. 11, 2016 /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 contracted sales for 2015 increased 43% year-on-year to RMB30.21 billion, exceeded full year target by 21%.
The Group achieved contracted sales of approximately RMB 4.86 billion with contracted GFA of approximately 230,000 sq.m., hitting monthly record high for four consecutive months. Contracted ASP in December 2015 was RMB 21,000 per sq.m.
From January to December 2015, the Group achieved contracted sales and contracted GFA of approximately RMB30.21 billion and 2,056,200 sq.m., respectively, while contracted ASP from January to December 2015 was approximately RMB 14,700 per sq.m. Contracted sales in the first twelve months of 2015 represents a year-on-year increase 43% over the contracted sales in the same period in 2014, the Group has exceeded its full year 2015 contracted sales target of RMB 25 billion by 21%. For the full year of 2015, the Group's attributable contracted sales amounted to approximately RMB20.29 billion, representing a year-on-year increase of approximately 24%.
During 2015, breakdowns of the Group's contracted sales were as follow:
|
By City |
RMB'billion |
% of total |
|
Shanghai |
8.56 |
28.3% |
|
Suzhou |
5.34 |
17.7% |
|
Hangzhou |
4.04 |
13.4% |
|
Beijing |
3.45 |
11.4% |
|
Tianjin |
2.15 |
7.1% |
|
Hefei |
1.87 |
6.2% |
|
Nanjing |
1.39 |
4.6% |
|
Changsha |
1.30 |
4.3% |
|
Wuhan |
0.60 |
2.0% |
|
Zhenjiang |
0.39 |
1.3% |
|
Shenyang |
0.36 |
1.2% |
|
Jiaxing |
0.34 |
1.1% |
|
Langfang |
0.30 |
1.0% |
|
Chongqing |
0.12 |
0.4% |
|
Yangtze River Delta |
21.93 |
72.6% |
|
Pan Bohai Rim |
6.26 |
20.7% |
|
Central Western Region |
2.02 |
6.7% |
Land Acquisition
In December 2015, the Group has successfully conducted the following acquisitions:
|
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.) |
|
Hangzhou |
Xiao Shan District, Olympic Park FG16-04 Project |
100% |
Residential, Commercial |
29,784 |
86,374 |
522,000,000 |
6,044 |
|
Hefei |
Luyang District, 212 acres Project |
50% |
Residential |
141,699 |
238,963 |
1,126,515,000 |
9,428 |
|
Guangzhou |
Liwan District No.111, Baihua Road, Bai Hua Xiang Liao Chang Project |
19% |
Residential |
31,921 |
143,645 |
382,100,000 |
14,000 |
Major Corporate Event: CIFI Won "Gold Award" in The Asset Corporate Awards 2015
In December 2015, CIFI has received "Gold Award" in The Asset Corporate Awards 2015 from The Asset, one of Asia's most influential financial magazines, for its excellence on financial performance, management, corporate governance, social responsibility, environmental responsibility and investor relations.
The winning review from the Asset for CIFI is, "With its prudent financial management and flexible development approach in joint ventures, CIFI is growing steadily in the increasingly fierce competition in the property market in mainland China."
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
