Property

CIFI Holdings Contracted Sales Recorded High in September 2015

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