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

CIFI Holdings (Group) Co. Ltd.
2013-10-03 08:30 1575

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

Contracted Sales

  • From January to September 2013, the Group achieved contracted sales and contracted GFA of approximately RMB 10.84 billion and 1,058,000 sq.m., respectively. Contracted ASP from January to September 2013 was approximately RMB 10,246 /sq.m. During the period, breakdowns of the Group's contracted sales were as follow:
    By Region  RMB'billion  % of total  
    Yangtze River Delta  6.38  59%  
    Pan Bohai Rim  3.06  28% 
    Central Western Region  1.4  13% 

    By Type of Cities  RMB'billion  % of total  
    First-tier cities  5.31  49%  
    Second-tier cities  4.81  44% 
    Third-tier cities  0.72  7% 

    By Product  RMB'billion  % of total  
    Residential  8.68  80%  
    Office  2.16  20% 
  • The Group's contracted sales in the first nine months of 2013 represented a year-on-year increase of 71% over the contracted sales in the same period in 2012. During the first nine months of 2013, the Group completed approximately 77% of its full year 2013 contracted sales target of RMB 14 billion. 
  • In September 2013, the Group achieved contracted sales of approximately RMB 1.58 billion and contracted GFA of approximately 150,000 sq.m. Contracted ASP in September 2013 was approximately RMB 10,533 /sq.m. The Group's contracted sales for September 2013 represented a year-on-year increase of approximately 89% (compared to September 2012).

Land Acquisition

  • In September 2013, the Group successfully purchased the following new projects:
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.) 
Jiaxing Xiuzhou New District No.21 Project 100% Residential 92,400 166,400 312,990,640 1,881
Shenyang Dongling District 05 Project 100% Residential 81,500 163,000 292,224,108 1,793
Source: CIFI Holdings (Group) Co. Ltd.
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