Property

CIFI's Contracted Sales for April 2016 Reaches a New Monthly Record High

HONG KONG, May 9, 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 April 2016 increased 267% year-on-year to RMB6.72 billion, reached a new record high.

In April 2016, the Group's contracted GFA was approximately 407,000 sq.m. with contracted ASP in April 2016 was RMB 16,500 per sq.m.

From January to April 2016, contracted sales of the Group increased 222% year-on-year to RMB17.77 billion with a contracted GFA of approximately 1,026,200 sq.m., while contracted ASP from January to April 2016 was approximately RMB17,300 per sq.m., up approximately 42% year-on-year. During the first four month of 2016, contracted sales of the Group achieved 49% of its full year contracted sales target of RMB36.5 billion.

Land Acquisition

In April 2016, 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

Xiaoshan District,
Xianghu
Xiaozhengchuchu,
2016-No. 5
Project

29%

Residential

37,699

75,398

197,490,000

9,032

Hefei

New Station
District, 150-Arce
Project

22.5%

Residential

99,972

235,934

120,375,000

2,268

Hefei

New Station
District, 227-Arce
Project

50%

Residential

151,780

399,550

455,340,000

2,279

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